21 Nov 2009

French Eramet company to reduce staff at SLN in New Caledonia

11:40 am on 21 November 2009

The French Eramet company has restated its intention to reduce staff numbers at its nickel-producing SLN subsidiary in New Caledonia.

Its head, Patrick Buffet, says just under 300 jobs will go over three years as part of efforts to retain the company's competitiveness.

He says to attain this, vacancies would no longer be filled and staff will be asked to take voluntary redundancy.

SLN, which is New Caledonia's biggest private sector employer, has just under 2,500 people but signalled several months ago that it planned cuts to save about 130 million US dollars.

In August, Eramet announced a 326 million US dollar loss for the preceding year, reversing a profit of just 600 million dollars the year before.