Potential Impact of the Closure of Arrium in South Australia
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Date
2016-05
Authors
Burgan, B
Spoehr, John
Journal Title
Journal ISSN
Volume Title
Publisher
Australian Industrial Transformation Institute
Rights
© [2016] Flinders University / Australian Industrial Transformation Institute
Rights Holder
Australian Industrial Transformation Institute
Abstract
Since early 2016 Arrium Ltd has been warning of the potential for closure of its Whyalla
steelworks given the financial impact of debt funded expansion followed by a decline in iron and
steel prices (and general commodity prices). The group disclosed a $60 million cash shortfall at the steelworks which has 1100 workers on staff and an estimated contractor workforce of around 450. Additionally as many as 1000 jobs in total of both staff and contract labour is exposed to any closure of its iron ore operation, which is also under threat due to heavy losses.
The following is a preliminary analysis of the potential economic and employment impacts of closure of Arrium’s operations.
Description
© [2016] Flinders University / Australian Industrial Transformation Institute
Keywords
manufacturing, Whyalla, Employment, Arrium Ltd
Citation
Burgan B & Spoehr J. 2016. Potential Impact of the Closure of Arrium in South Australia, Adelaide: Australian Industrial Transformation Institute, Flinders University of South Australia.