South Australia's Whyalla steel city is grappling with another round of significant job cuts, adding to the existing economic turmoil. The announcement of up to 350 mining job losses linked to the Whyalla steelworks has sent shockwaves through the region. The news comes at a time when the city was hoping for a revival after the blast furnace's four-month repair period.
South Australia’s steel city is under further siege today with another massive round of job losses just announced. News of up to 350 mining job cuts, linked to the Whyalla steelworks, has sent yet another shudder through the Upper Spencer Gulf. Golding mining workers have been literally sitting idle at Iron Knob and Iron Baron as the nervous city waited for the giant blast furnace to be producing again after four months of repair and non-production.
Six months ago, a few dozen houses were on the market in the city. That’s now turned into hundreds of homes being offloaded. One concerned local told me last night that displaced workers are now struggling to pay hefty mortgages and are left in severe negative equity as house prices tumble. At a state level, GFG owes plenty in state royalties.
ECONOMY STEEL INDUSTRY MINING JOB LOSSES SOUTH AUSTRALIA
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