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BRIEF-BlueScope Steel says reached MOA with unions and employees at Port Kembla

Published 08/10/2015, 12:03 pm
Updated 08/10/2015, 12:08 pm
© Reuters.  BRIEF-BlueScope Steel says reached MOA with unions and employees at Port Kembla
BSL
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Oct 8 (Reuters) - BlueScope Steel Ltd BSL.AX :

* Agreement between Bluescope and unions BSL.AX

* Company has reached a memorandum of agreement with unions and employees at port Kembla

* Agreement on its workforce structure and a new 3 year enterprise agreement

* Says "agreement is a significant and essential step to achieving the company's $200 million cost reduction target"

* Says approximately 300 manufacturing jobs will be removed in wide-ranging restructuring and productivity reforms

* Says unions have also agreed to suspend the port kembla wages bonus scheme

* Says a further 200 support and service positions will also be eliminated

* Source text for Eikon ID:nASX13T1tr

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