Steel manufacturer Molycop announced this week it will slash 250 jobs, around half of the existing workforce, at its plant in Newcastle, a major regional city north of Sydney, New South Wales (NSW). Inside Molycop’s Waratah plant [Photo: Molycop] The cuts are part of a major restructure of Molycop’s Australian business. Primary steel production, including the plant’s electric arc furnace and bar mill, will be shut down, after more than a century of steelmaking at the facility. The factory will continue to produce railway wheels, grinding balls for the mining industry, and other speciality products, from steel milled elsewhere. The workers, including some who have been at the factory for
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