Hastings Deerings is reportedly set to cut 400 jobs across its Queensland operations.
In a statement released yesterday, the major mining machinery supplier and distributor announced it has carried out a review of its current situation and it is "anticipated this will result in approximately 400 redundancies across Hastings Deering's business," the ABC reports.
It is believed that the first round of redundancies will begin this month.
Only last month the company opened a new longwall shearer service facility to aid mining in Queensland.
Australian Mining has contacted Hastings Deering for additional comment.
Last year the company slashed approximately five per cent of its total workforce.