Peabody cuts jobs

American coal giant Peabody is cutting 170 staff at its Queensland and NSW mines, and has also scrapped plans to fill another 230 positions. It blamed short-term global economic challenges for the measures, which come just weeks after it cut 450 contracting jobs.

American coal giant Peabody is cutting 170 staff at its Queensland and NSW mines, and has also scrapped plans to fill another 230 positions. It blamed short-term global economic challenges for the measures, which come just weeks after it cut 450 contracting jobs.