Eastern Creek. OneSteel leases property

Steel manufacturer, OneSteel, which is soon to change its name to Arrium, has signed a 3-year lease for a 6420-square-metre warehouse and office complex, at Eastern Creek.

Region. OneSteel to reduce workforce

Sydney-based steel manufacturer, OneSteel, said the total number of reductions to directly employed staff, implemented or planned, under the labour reduction program would amount to approximately 1240 by the end of year Chief executive, Geoff Plummer, said the cuts, which were expected to save $160 million a year, would be across all the company's Australia-wide operations. The company has its Sydney Steel Mill, at Rooty Hill, and other facilities across Western Sydney. Reductions at specific facilities were not given.