Bathurst Resources is cutting 17 jobs in Westport, Buller
Mayor Garry Howard confirmed today.
The company announced yesterday it was putting off 29 staff
in Westport and Wellington.
Chief executive Hamish Bohannan said he didn't know how many
would go in each place but a "fair few" were in Wellington.
Mr Howard said chief operating officer Richard Tacon had
earlier told him Westport was losing 17 jobs. Mr Tacon
himself was among the casualties, Mr Howard said.
All of the Westport staff losses would be in planning and
However, Bathurst had not simply targeted ordinary workers,
Mr Howard said.
"It's gone from top to bottom. The board's taken a 30 percent
reduction (in remuneration)."
Management remuneration has also reduced 30 percent.
Bathurst's 2011 annual report showed it paid over $12 million
in salaries, bonuses and stock options to 11 directors and
key staff, including almost $4 million between Mr Bohannan
and fellow director Gerry Cooper.
Mr Bohannan said yesterday that Bathurst had to make cuts to
reduce costs and preserve value for its Buller project so it
could start commercial production quickly when coal prices
- Lee Scanlon of the Westport News