Business Hunter CEO Bob Hawes is worried.
And, he believes reports that Tomago Aluminium has kick-started discussions with employees about potential closure in the next couple of years should concern others, too.
Especially, due to the pace of delivery of renewable energy alternatives.
AAP revealed on Tuesday 28 October the Newcastle company, which is majority owned by Rio Tinto, declared high energy costs had forced it to consider ending its operations when its current electricity supply contracts expire in 2028.
Mr Hawes admitted the loss of one of the region’s largest employers would have significant consequences for the Hunter economy, Australia’s manufacturing capability and the nation’s energy transition.
“Tomago Aluminium is a strategic national asset that underpins the country

Newcastle Weekly

Local News in New South Wales
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