Sunday, 6 November 2016

Pain as over-reliance on industry costs Gladstone $1.7b

GLADSTONE has overwhelmingly worn the brunt of the assets downturn in the Fitzroy district.

New figures, discharged by the business' pinnacle body, the Queensland Resources Council, uncover Gladstone endured the most noteworthy rate of employment misfortunes and the most exceedingly bad hit to its gross local item (GRP) in the nearby government zones of Fitzroy.

Those ranges incorporate the Banana Shire, the Central Highlands locale, Livingstone Shire, the Rockhampton district, and Gladstone area.

The figures demonstrate the degree to which Gladstone has set all of its investments tied up on one place.

The asset part represented a stunning 87.5% of GRP in 2014-15, much higher than Mackay, Queensland's second most asset dependent area, where the segment represented 55.3%.

SCROLL | Resource part's monetary report card for each of the Fitzroy district's five nearby government zones

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Focal Highlands saw an expansion in the financial advantages of the part, which overflowed the locale with $1.74 billion in 2015-16, up from $1.334 billion the earlier year.

Banana, $186.9 million less on the earlier year, and Livingstone, $14.1 million less, were generally minor decreases. Rockhampton saw $495 million wiped off its GRP, a decrease of $1.284 billion in 2014-15 to $789 million in 2016.

Be that as it may, in these diminishments the agony felt among local people was a great deal not exactly in Gladstone, with the part just lessening its share of the GRP by 12% in Rockhampton, 4.8% in Banana, and 1.3% in Livingstone.

Interestingly, Gladstone saw a lessening of 38.5% to only 49% of GRP, which compared to about $1.9 billion out of the neighborhood economy.

Asset organizations expanded their syndication over Mackay's GRP by just about a billion dollars, representing 66% of GRP.

The plunging cost of alumina, the end of Bechtel's venture on Curtis Island, and falling coal costs all through 2015-16, additionally observed Gladstone endure the most noteworthy employment misfortunes in Fitzroy.

Focal Highlands delighted in 326 more employments and Livingstone (down 120 occupations), Banana (down 111), and Rockhampton (down 209), all had moderately minor diminishments.

In any case, Gladstone saw its workforce in the asset area decrease 897 employments, from 2313 occupations in 2014-15 to 1416 in 2015-16.

Gladstone Observer

Subjects: EMPLOYMENT GLADSTONE GLADSTONEINDUSTRY GLADSTONE REGION

3 COMMENTS

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3 COMMENTS

mini_mini · GLADSTONE

What benefits did Gladstone get in thee long haul from LNG?

FA.

7 days agoREPLY

LoveHappyRock · BARNEY POINT

Thank sky LNG came to Gladdy when it did to mollify the blow of the downturn! No LNG would mean another few hundred local people without full time lasting operations occupations! In addition all the supporting occupations like upkeep contractual workers who are employing local people and neighborhood bolster organizations giving products and ventures to the LNG plants! The long haul monetary advantages of LNG are notable with $millions in wages pumping once again into the neighborhood economy alone and LNG sovereignties yet the long haul group benefits for Gladdy are likewise exceptional! Numerous individuals dont realize that LNG has set up the $13.5million Gladstone Foundation and is giving subsidizing particularly to Gladdys most penniless including neediness help and matured care and ailment and pain and instruction and childcare! $millions are now streaming into group bunches like the Mens Shed and Roseberry Community Services and Anglicare CQ and Gladdy Residential Care and Health arrangements just to give some examples! Add to that the long haul benefits that low pay workers are particularly getting structure the changeless $20million Gladdy Affordable Housing Scheme subsidized by LNG! Heres a test for the questioning negative sorts name your favored business and check whether it can measure up to the long haul event that LNG is giving specifically to Gladdy!

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