Leaders tip city to bounce back fast from layoffs

GOLD Coast business leaders are confident possible job axings at The Star will have little long-term effects on the city.

The Star Gold Coast is one of the biggest employers on the Coast, with more than 1500 staff.

Queensland Airports Ltd CEO Chris Mills said while he did not know how the cuts would apply to the Gold Coast, he did not believe they would have any “long-term impact” on the region.

“From an airport perspective our passenger numbers are stronger in May than they were this time last year, so I’m confident they’ll continue to be positive,” he said.

“I’d be confident the people at The Star are smart operators and they know what needs to be done. The significant investment they’re continuing to roll out is a good thing for the future.

“When you look at the fundamentals of the Gold Coast in terms of being an attractive destination, what Star has already announced, other projects around the Gold Coast and throw in the half a billion we’re spending, I think they’re still very attractive.”

While the announcement may have come as a shock for most Gold Coasters, real estate veteran Max Christmas said it had been a long time coming.

“I’ve thought it was coming for the last four years and now it’s struck, and a lot of industries including banks are putting staff off,” he said.

“But the good thing is the casino is a powerful company, and they have to adjust to economic situations in the tourist industry.”