Asciano moves on cuts

Transport company Asciano has brought forward planned job cuts to meet a downturn in market share in its ports division - 270 jobs are to be axed at Port Botany.

Transport company Asciano has brought forward planned job cuts to meet a downturn in market share in its ports division - 270 jobs are to be axed at Port Botany. Despite the soft third-quarter numbers, Asciano told fund managers on Thursday it remained confident that revenue and pre-tax earnings for the full financial year to June would show growth.

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