HASTINGS Deering is the latest company to announce jobs cuts due to the market downturn in the resource industry.
A spokesman for the construction and mining equipment company, which has an office in Toowoomba, said it was reluctantly moving to reduce its workforce in the face of the continued market downturn, aggressive competition and significant customer price pressure.
Managing director Dean Mehmet said it was unfortunate the company had to reduce employee numbers at their south-east and central Queensland operations.
"Hastings Deering will reduce its workforce by approximately 100 roles and consultation has started with employees, contractors and their representatives," Mr Mehmet said.
"We think about the impact on every single person and we do everything we can to keep as many people as possible employed at Hastings Deering."
Mr Mehmet said the mining industry continued to face challenging market conditions including low commodity prices and to maintain the long-term viability of the business there would be a maintained focus on market competitiveness.
"Many of our customers are running leaner operations and have asked us to re-tender for work, in every case, at significantly reduced prices," he said.
"It has never been more critical to meet the market head on."
A spokesman was unable to confirm if any job cuts had taken place in Toowoomba.
Update your news preferences and get the latest news delivered to your inbox.