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Australian Job Losses

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The daily toll continues unabated....

BANK of Queensland has announced it intends to cut 150 jobs.

The cuts, which make up about 10 per cent of the Bank of Queensland workforce, come as part of an internal review to streamline the business.

A Bank of Queensland spokeswoman said no employees in customer-serving roles in branches would be lost as part of the review.

She said while the job cuts would primarily be made in the head office in Brisbane, employees across the country would be affected.

"We are working through the process of identifying changes to our business and the subsequent structural changes and will provide an update to the market at our half-year results in April," the spokeswoman said.

The spokeswoman said the cuts were under way and would be completed by March 27.
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http://www.news.com.au/heraldsun/story/0,21985,25147095-5005961,00.html


Next please... :cool:
 
I work at Holden. The feeling around here is pretty gloomy.

Lucky, I'm a student on a one-year placement, so I'm *pretty* safe. The government pays a lot of my wage apparently, that's why they like hiring us. :)

But it's going to be interesting, with what happens to GM in the US of A.
 
ojm said:
I work at Holden. The feeling around here is pretty gloomy.

Lucky, I'm a student on a one-year placement, so I'm *pretty* safe. The government pays a lot of my wage apparently, that's why they like hiring us. :)

But it's going to be interesting, with what happens to GM in the US of A.
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Lucky you don't work in optics, mate!

AN ADELAIDE optical firm laying off 95 workers a fortnight after receiving Government funding makes a mockery of Prime Minister Kevin Rudd's commitment to job security, the Federal opposition says.

Carl Zeiss Vision yesterday said about 95 jobs would go from its Lonsdale Plant by the end of 2009 and the work would be sent to China.

The announcement came just over a fortnight since the company was given $1 million in innovation funding from the state and Federal Governments.
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http://www.news.com.au/heraldsun/story/0,21985,25147456-5005961,00.html

Here we go again.

Will Messiah KRudd demand that money back too? Who else is fudging? C'mon you cowards. SHOW YOURSELVES!! :D
 
Is this history in the making GM on their death bed and be luck to last until the end of the Month?.
AIG shares at 35 c and Citibank dying
 
gfresh said:
Feburary Employment figures out a few mins ago..

http://www.abs.gov.au/ausstats/subs...4CA257576001253ED&&Feb 2009&12.03.2009&Latest

+0.4 increase in seasonally adjusted unemployment to 5.2% - that's 47,100 new people looking for work in February alone :eek: At this rate we'll be over 7% before the end of the year :eek:

Note the 95% confidence interval is anywhere from +0% to 0.8%, e.g. anywhere from 4.8 to 5.6% !
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The reliance by the gummint & media on the flaky ABS "Unemployment" stats is a flamin' joke. :angry:

Ferchrisakes, the only "employment" figure that should matter or be quoted is TOTAL HOURS WORKED.

Relying on the ABS formula to determine the effect of "unemployment" on our economy is just plain stoopid.

For example, if 100% of the remaining full time workers in Oz all had their working hours cut by say, 25% (to reduce costs to businesses), the actual effect of the resultant plunge in disposable income on the economy and consumer demand would be catastrophic - but hey, the ABS stats would show the unemployment rate would STAY EXACTLY THE SAME because they are all still "employed"! (Remember, according to the ABS you only have to work 1 hour or more to be technically "employed", thus not being counted in the "official" unemployment stats!!)

It's the TOTAL HOURS WORKED by all Australians in the data sampling period that really matters as far as the effect on the economy is concerned.

But I guess the gummint is either (a) too thick to realise that, or (b) think they are clever by hiding the real effect of significantly reduced total working hours behind the ABS "unemployment" smokescreen.

I suspect the latter but prefer the former.... idiots. :banghead:

The media is culpable for no longer being able to think for themselves and rely on being spoon-fed baby pap by gummint media secretarys.

Idiots.

Grrrr.
 
New report on Victorian job vulnerability...

VAST swathes of Victoria's mortgage belt are vulnerable to rapidly increasing unemployment and disadvantage as the financial crisis hits the job market.

An index of job vulnerability to be released today by the Centre of Full Employment and Equity at Newcastle University finds that newer suburbs, including Narre Warren and Pakenham, are set to join older "battler" suburbs in a pattern of disadvantage that will spread further than in previous recessions.
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The centre expects Australia's unemployment rate to soar above 10 per cent if the global recession lasts the rest of the year, with total "underutilisation" rising to 20 per cent.

Under-utilisation also counts people who would like more work than they have. The centre believes 1.2 million Australians are under-utilised. It has proposed an "Employment Guarantee" under which the government commits to pay the minimum wage to anyone willing to work. "We would abolish the dole," Dr Mitchell said. "Anyone who wants pay would have to work for it."
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http://www.theage.com.au/national/mortgagebelt-jobs-in-peril-20090316-9023.html
 
Just found out 6 people at my work, or approximately 40% are to be laid off in the next 2 weeks :( It's real out there.
 
RIO cutting more jobs.

Big 4 banks also putting more jobs on the cutting block
 
Everyday nearly seems to be hundreds of job losses ....

QR National will slash more than 500 jobs from its workforce as part of a major restructuring and cost drive.
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http://www.couriermail.com.au/news/queensland/qr-national-poised-for-major-job-cuts/story-e6freoof-1226383939547

UP to 200 jobs could be slashed from the Box Hill Institute of TAFE as a result of state government funding cuts.
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http://www.melbourneweeklyeastern.com.au/news/local/news/general/box-hill-tafe-could-shed-200-jobs/2580470.aspx

Nearly 10,000 manufacturing and construction jobs were lost in outer western Melbourne in the 12 months to February 2012, plus thousands more in the professional services and retail sectors.
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http://brimbank-leader.whereilive.com.au/news/story/government-only-hope-for-western-suburbs-job-losses/

One of Australia's largest rural water authorities has signalled its intention to cut up to 200 staff.
Goulburn-Murray Water in northern Victoria is in the process of modernising almost its entire irrigation system.
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http://www.abc.net.au/rural/news/content/201206/s3517414.htm

We have an conomy in worse shape than the official figures suggest ...
 
young-gun said:
just standard these days isn't it? fudge the figures and smile?
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Great Philosopher of Politics once say "Yes We Can".... :rolleyes:

Seriously, a truly responsible government would keep the public fully informed of the true employment/underemployment situation. The more they try to hide the "true situation" in a fog of spin, the more respect they lose.

What do they think we are? Idiots? :cool:

Next election - bring it on!

Next election after that - bring it on!

etc...
 

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