well spotted SuperTim......seems very relevant to PLVs...

well spotted SuperTim......seems very relevant to PLVs situation..... however we need a workforce and production, lets hope we do get the cream from these redundancies.....pay cut for management might be a way of saving costs as mentioned below....that's for you Megan

Article
Mount Gibson cuts 270 jobs, slows mining operations by: Robb M. Stewart From: Dow Jones Newswires October 18, 2012 MOUNT Gibson Iron will lay off about 270 workers, slow mining and....... cut pay for senior managers to curb costs..... and help it ride out a fall in commodity prices.
"The immediate market outlook remains uncertain," chief executive Jim Beyer said today in a statement to the Australian Securities Exchange. "The only prudent course of action is to implement comprehensive measures that control costs and enable our operations to remain cash positive."