July 24 (Reuters) - Yancoal Australia Ltd YAL.AX :
* Abel and austar redundancies YAL.AX
* Redundancies have been announced in response to the impacts of the continued downturn in the global coal market
* Says announced redundancies of up to 170 employees at its abel underground mine and up to 55 employees at its underground austar mine in the hunter valley
* Says 'in response to continuing market pressures, the decision has been made to restructure the abel underground operation"
* "Austar mine will continue to operate with 185 employees"
* "From 10 August, the abel underground mine will move to a five day a week operation"
* Source text for Eikon ID:nASX8tW8fR