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AURIZON has threatened 35 Mackay jobs and 350 across Queensland will be lost if the part sale of the company is blocked after the Australian competition watchdog raised concerns about the proposed takeover.
The Australian Competition and Consumer Commission is concerned Aurizon's planned sale of its Queensland intermodal business would give Pacific National a stranglehold on freight haulage in the region.
ACCC chairman Rod Sims said the proposed sale to a consortium of Pacific National and Linfox would make Pacific National the only operator of its kind working out of North Queensland.
"We are concerned the proposed acquisitions would lead to increased prices and reduced service for freight hauled between Brisbane and Far North Queensland," Mr Sims said in a statement of issues released yesterday.
Aurizon said intermodal terminals across Queensland, would be closed if the sale was blocked.
However, the company said jobs would be transferred as part of the sale contract were it to be approved.
This article first appeared on www.dailymercury.com.au
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