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



200,000th resident unveiled in Ipswich population boom

MILESTONE: Megan Sabburg of South Ripley is Ipswich's 200,000th resident and her young son Jackson is the 200,001st.

South Ripley mum gets the honour as city targets 520,000 in 2041

How the city's population is actually measured

Deputy Mayor Paul Tully, councillors Kerry Silver and Andrew Antoniolli and Mayor Paul Pisasale welcome the 200,000th Ipswich resident Megan Sabburg and son Jackson.

Wheelie reliable way to track city's growth

Ipswich model to 'make history' in New York

Model Madeline Stuart now has a visa to live and work in New York City. Photo Contributed

"I am now officially a professional. New York here I come."

Local Partners

Spy trio hitting studio in 2017

GUITAR POP: Brisbane three-piece Dave is a Spy is made up of Fin Taylor, Sarah Bellamy and James Halpert.

Brisbane three-piece set for second EP

Your chance to drive like Magnum P.I.

Tom Selleck in Magnum P.I. with his trusty 'side-kick' Ferrari.

FERRARI that appeared on classic detective show goes to auction.

Ocean Sleeper discuss being 'Six Feet Down'.

Ocean Sleeper make waves with their new EP. Photo Contributed

Gippsland band shines at Unify

Bowie's final music EP No Plan released

NEW: Artwork for David Bowie's posthumous 2016 EP, No Plan.

David Bowie's 28th and final album

Married At First Sight: Ipswich bachelor seeks love

READY FOR IT: Ipswich man Simon McQuillan will appear on the upcoming new season of Married At First Sight.

Romance would top off recovery for Booval man

Dinky-di Denyer: Family Feud favourite hosts Oz Day party

Grant Denyer will host Channel 10's Australia Day concert from the Sydney Opera House.

GRANT Denyer shares his Australia Day traditions ahead of concert.

Collapsed Coast company could owe up to $5 million

Staff, ATO, landlords among those out of pocket.

Ipswich block of dirt sells for $582 a square metre

JUST SOLD: A property on the Brookwater golf course sold for a record-breaking $612,000.

Property smashed 2007 record by close to $100,000

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

NEW: ALDI confirms opening date of seventh Ipswich store

NEW STORE: Aldi will soon open its seventh store in Ipswich.

Aldi is preparing to open its seventh store in Ipswich

Ready to SELL your property?

Post Your Ad Here!