AusRAIL, Market Sectors

Asciano: 500 jobs to go

<span class="" id="parent-fieldname-description"> Pacific National’s parent company, Asciano, has indicated that it will cut up to 500 jobs from its current workforce of 10,000, as part of its continuing business improvement program and as a result of generally soft conditions in several of its key trading areas. </span> <p>By Mark Carter</p><div>At a briefing last week, investors were told that the acceleration of two new business improvement programs (BIP) will result in a reduction in headcount of approximately 500 people across all Asciano divisions and deliver a cost reduction target in the order of $90m in FY2015. &nbsp