FIFO workers' relief for Gladstone's post-boom hangover
HUNDREDS of fly-in-fly-out workers projected to leave the Gladstone region by the middle of this year have hung around a little longer, easing the region's post-boom hangover.
Queensland Treasury's projections in January this year that Gladstone was on a rapid decline from 3450 workers in June last year to a top of 1290 by the middle of this year were significantly revised.
Treasury now believes there were still 5430 workers in Gladstone in June last year and 1580 in June this year.
But, as this paper reported yesterday, future projections are bleak, with thousands of FIFO workers initially projected to flock to the region in the coming years no longer expected to arrive as doubts are cast over major projects.
A Treasury spokesman said the decline had long been expected and he reassured Gladstone it had set aside $823.2<TH>million in infrastructure projects that will bring 2500 jobs.
"The Queensland Government is supporting regions as they transition from the mining and resources boom to a more diversified economy," the spokesman said.