Business

Swanbank workers to stay until December

UNCERTAIN TIME: Swanbank Power Station workers at a past meeting to discuss the future of the plant.
UNCERTAIN TIME: Swanbank Power Station workers at a past meeting to discuss the future of the plant. File

SWANBANK power station workers have been thrown a lifeline until December as their jobs still face the axe.

About 20 Ipswich jobs were to be axed this week with 10 remaining on site as the gas-fired Swanbank E power station was put in cold storage.

A spokesman for Stanwell Corporation said an abundance of fuel had made the station profitable and the corporation decided to extend operations for a further two months before withdrawing Swanbank E.

The spokesman said there were no forced job losses with 20 staff already accepting voluntary redundancies, which would now come into effect on December 1.

In February, chief executive officer Richard Van Breda announced Stanwell would withdraw the 385 MW Swanbank E Power Station from service for up to three years. Stanwell will sell the gas into the market rather than use it to generate electricity at the power station.

Electrical Trades Union state organiser Jason Young said members were happy to receive extra cash before their jobs disappeared but the instability was not fair on workers.

"I would be surprised if they take (Swanbank E) out of storage after three years," Mr Young said.

"There's no reversal on the announcement made in February.

"The result whether it is now or December is jobs and history gone from Ipswich."

In February, Mr Van Breda cited subdued market conditions and increasing gas prices for the decision to withdraw the plant.

"Stanwell can earn more revenue from selling our gas rather than using it in electricity generation," he said at the time.

"Stanwell is a commercial entity, operating in a highly competitive electricity market, and we need to pursue strategies that deliver the best return for our shareholders; the people of Queensland."

With new gas projects in the north, an oversupply of gas has made the fuel more affordable for electricity generation.

Stanwell planned to replace electricity generation at Swanbank E by returning a generating unit at Tarong Power Station to service.

Stanwell withdrew two units at Tarong Power Station from service in October and December 2012 as a result of subdued wholesale electricity prices.

Topics:  electrical trades union, job losses, redundancies, stanwell corporation, swanbank power station



Emotional farewell for AWLQ volunteers and staff

AWLQ CEO Denise Bradley farewells a long-serving volunteer at the West Ipswich facility on Friday.

The AWLQ has left the building. So what's next?

Former minister claims he voluntarily stopped abusing boy

Retired Uniting Church Minister Barry Dangerfield (right) arrives at Brisbane District Court.

Barry Dangerfield charged with multiple counts of indecent dealing

Check out the Top of Town's newest store

TOP CHOICE: Julie Clark, owner of a new shop at the Top of Town, Baby Body Abode, with her dog Beau who greets the customers at the door.

Julie Clark is head over heels with Ipswich

Local Partners

Jay Z signs two-year movie and TV deal

Rapper Jay Z

Rapper Jay Z has signed a television and movie deal

Nowhere to Hyde: Matt Nable is Australia's man in demand

Matt Nable stars as Detective Gary Hyde in the TV series Hyde & Seek.

NABLE returns to the small screen amidst busy film work.

Things to do around Ipswich this weekend

The Ipswich Orchid Society Garden Spectacular is this weekend.

Things to do around Ipswich

Marvel's Luke Cage S1E7: Manifest review

Mike Colter in a scene from the TV series Marvel's Luke Cage. Supplied by Netflix.

*WARNING: spoilers if you haven't seen Marvel's Luke Cage*

Marvel's Luke Cage S1E6: Suckas Need Bodyguards review

Rosario Dawson and Mike Colter in a scene from the TV series Marvel's Luke Cage. Supplied by Netflix.

*WARNING: spoilers if you haven't seen Marvel's Luke Cage*

Marvel's Luke Cage S1E5: Just To Get A Rep review

Mahershala Ali, centre, in a scene from the TV series Marvel's Luke Cage. Supplied by Netflix.

*WARNING: spoilers if you haven't seen Marvel's Luke Cage*

Beach-side real estate starts at $85k on Fraser Coast

HERVEY BAY REAL ESTATE: You can buy this townhouse in Scarness for under $300k.

Live your beach-living dream locally.

$40million hotel, shops development project for Mackay

Mt Pleasant hotel and retirement accommodation, proposed at 194-202 Malcomson St.

$40m development to take Mackay to 'the next level'

Housing report points to a lift in local market

AFFORDABLE HOMES: First home buyers have the opportunity to purchase modern new homes in the Ipswich region for under $400,000.

Region shaping up as the "final frontier” for affordable housing

Five ways to slash household bills and save the environment

THINK GREEN: Considering the environment when building or buying your next home can save you big dollars. The Village Building Company, who is responsible for Woodlinks Village at Collingwood Park, builds homes with this front of mind.

THERE is nothing as sweet as slashing dollars from your bills.

Investors out-bid first-home buyers in booming market

Housing generic.

Ipswich's housing market is putting more cash into sellers’ pockets