Gujarat NRE said it needs to cut a further 13 jobs to keep its operations viable.
The company has extended its voluntary redundancy program ‘‘in the hope of offsetting the number of forced redundancies required’’.
A company spokesperson told the Illawarra Mercury that forced redundancies would be inevitable if not enough people applied for VRs.
Chairman Jasbir Singh said the cuts were vital in ensuring the ongoing financial stability of the company.
‘‘In this respect, we need to restructure the workforce so that costs are minimised in line with reduced coal prices on the international market,’’ he said.
Singh said the company would help affected workers to gain alternative employment.
Workers have been through a tumultuous 6 months at the company, with unpaid wages and uncertainty around job security forcing many to leave.
New owner Jindal Steel has invested over $110 million into the company since it took over as majority shareholder in October and says it is committed to improving current operations so mining can continue.
It said keeping costs down was a critical aspect of the future of its mines, with the company also looking at a possible restructure and relocation of its workforce across the two coal mining operations.