CLIVE Palmer faces almost certain annihilation if he re-contests his Sunshine Coast seat of Fairfax at this year's election.

A Galaxy poll published by NewsCorp on Monday showed the cutting of jobs at his Townsville nickel refinery have encouraged voters to abandon the Palmer United Party leader.

Mr Palmer's support in his seat of Fairfax is now sitting at just 2%, according to Galaxy, down from 26.5% when he won the seat in the 2013 election on preferences.

Galaxy found 83% of voters were unhappy with his work as their MP, and just 7% thought he was doing a satisfactory job.

It comes just days after Mr Palmer said there was still strong support for him as MP and for the Palmer United Party more broadly.

"Our support hasn't shifted much despite all the palaver," Mr Palmer told the Sunshine Coast Daily on Saturday.

"No-one has achieved as much for their electorate. We stopped the GP visit co-payment, freed 1400 children from detention on Christmas Island, protected low income and superannuation support, and saved the $800 school kid support.

Fairfax MP Clive Palmer
Fairfax MP Clive Palmer Kristy Muir

The Galaxy poll was conducted six days after Mr Palmer's Queensland Nickel sacked 237 workers at its refinery outside of Townsville.

It has since gone into voluntary administration, with workers unsure of whether they will receive their deserved entitlements.

The fallout for Mr Palmer has continued following revelations that his company donated $20 million to the PUP.

On Saturday, Mr Palmer claimed to be the target of a concerted attack by the two major parties, which saw his refinery's financial issues as a weak spot to exploit.

Mr Palmer said 20,000 jobs had disappeared from the mining industry in the past 12 months, including 8500 in Central Queensland's Bowen Basin, yet he was under fire after less than 250 workers were sacked.

He said going into administration was "a normal way to restructure to allow a company to continue to operate".

He stressed that he was no longer a director of Queensland Nickel, but defended its legacy.

"When we took it over in 2009 the nickel price was $7 and BHP closed it down. Its $3.80 now and we are continuing to trade," he said.

"I believe in its ability to trade out and to return as a profitable company."

"We have made a $4bn investment in the north since 2009 and created 2500 jobs. BHP would have killed Townsville in 2009.

"The cost of production then was $8 per pound now it is $4. What's been achieved is the greatest productivity gain in Australia's history.

"That's not a failure, it's a success."

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