The Hunter Economy Post BHP
A study of the Hunter's economic diversity following the closure of BHP's steel making operations in 1999.
One of the most significant events which occurred in the Hunter Region in the period between 1995 and 2010 was the closure of BHP Steelworks in 1999 (rod production remained). This had been announced two years in advance. By the time of the actual closure, the direct and indirect job losses were expected to total 4,500. However, employment at BHP started to decline a long time before (as described in the previous section).
In 1998 an online survey of the business community, and members of the Hunter community, was undertaken to examine the perceived likely effect of the BHP closure. The majority of people who took part in the survey were fearful of potential negative impacts of the BHP closure, especially of the effect on the Hunter economy, with the perception of business representatives being the least negative.
The Hunter Economy Post BHP (563 KB)