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More SA jobs go in building industry downturn

Wednesday, 16 January 2013
Author: Kevin Naughton, Indaily

BUILDING products maker Boral has axed more than 80 jobs in Adelaide as part of a company-wide "operational rationalisation initiatives" as it battles the downturn in building activity.

Almost all the SA jobs will be in back office functions, a Boral spokesman told Indaily.

"They will be in back-office or operational roles," he said.

"Finance, accounting sales support, purchasing and IT roles are the areas that have been the focus of the restructure."

It follows company concerns that the slump in construction activity was hitting hard.

"An approximate $120m earnings decline was due to lower volumes in Australia, with around $80m in Building Products, as a result of the severe decline in housing activity," Borals most recent annual report stated.

"Volume declines in Western Australia and South Australia particularly impacted Construction Materials."

The Boral cuts comes on the heels of news that local plywood producer, Brown Wood Panels, has closed its doors with 47 employees losing their jobs.

The Camden Park company had its origins in the late 1940s as South Australian Plywood Pty Ltd.

The 80 jobs axed at Boral are part of a national restructure that sees an additional 500 jobs go from all levels of its business - with an emphasis on office and administrative roles.

To view the full article visit: http://www.indaily.com.au/?iid=72857&sr=0#folio=6

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