Hundreds of jobs cut in closure of BP Bulwer Island refinery

By Bizclik Editor

The Bulwer Island refinery owned by BP will close by 2015. With the closure, the majority of the site’s jobs will be slashed – down to 25 from 380. Emergence of major export-based refineries in Asia, which are able to operate at a lower cost base, is one of the precipitating factors for the closure. These export-based refineries have transforming the industry, and not in a good way for Australian workers.

All options were investigated to keep open the refinery, Andy Holmes, president of BP Australasia, has said. He has also acknowledged that the plant’s closure with provide an unfortunate “unavoidable disruption” to employees and their families.

"Every effort will be made to minimise that disruption and given the quality of our people I am sure they will be of considerable interest to other employers in the oil and gas sector in Queensland and beyond," said Holmes.

Read related articles from Business Review Australia:

He also has claimed that he does not believe that the decision to close the refinery will affect Australia’s energy security, but others are not so sure. Dr. Vlado Vivoda, Griffith University professor, thinks this closure will have an effect on motorists and other fuel users, and doesn’t believe this is the last closure the country will see.

"Our supplies are essentially subject to the security of supply lines that bring petroleum products from international markets, particularly from Singapore, which we are becoming increasingly reliant on," he said."An event at a particular refinery in Singapore could have significant ramifications on our refined petroleum product supplies in Australia."

There has been a call to action by the Opposition, demanding the government address the recent surge of job losses in the manufacturing and other blue collar industries. Neither side has proposed ideas for solutions.

Share

Featured Articles

How India is bucking the global dealmaking downturn

M&A deal volume and value reach record highs in India in 2022, despite slower dealmaking globally – as scope activity and acquisitions in renewables surge

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

Leadership & Strategy

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress

Technology