Australian (ASX) Stock Market Forum

Australian Job Losses

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Aussiejeff said:
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.
etc...
Click to expand...

So would any of you believe the Roy Morgan Polls.?
On their site they suggest their accuracy.
The statistics would have be closer to the truth, than what the media projects.

I think there is a stint on TV that show the results of a couple of the polls and compares them.
Not sure of the channel or the frequency.

http://www.roymorgan.com.au/

The Australian has a small piece on "The Perception of Statistics". by Ian Ewing from ACT. but I do not know how to link it to open as I subscribe.

joea
 
With the unemployment figures, their lurks a figure of hidden unemployment.

i.e. google.... Hidden unemployment in Australia
We just have to find a 2012 update.

joea
 
joea said:
The Australian has a small piece on "The Perception of Statistics". by Ian Ewing from ACT. but I do not know how to link it to open as I subscribe.
Click to expand...
Google search the headline under news and access the relevant link.
 
Plenty more job losses each day , not sure this lot would be cut out for the mines in a shrinking industry ?

Australian publisher Fairfax Media Ltd. said Monday it will shed 1,900 jobs over three years and erect pay walls for two flagship newspapers as readers increasingly move online.

The company said it's giving itself the flexibility to ditch its print operations entirely at some point in the future if that's what consumers demand.

The job cuts at the Sydney-based media empire represent almost one fifth of its 10,000 staff, spokesman Brad Hatch said.
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How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
 
Ves said:
How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
Click to expand...

i think you would need to spend very little time looking for negative news. pick your site, copy and paste.
 
Ves said:
How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
Click to expand...

I dont have a great deal of free time at the moment -- so the short answer is , not much !
 
Queensland came out today and said that up to 20,000 public servants could face the axe...
 
Ves said:
How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
Click to expand...

The negative stuff is really easy to find & readily accessible.
Negativity sells & attracts attention (page clicks etc.).
ACA & TT etc. built franchises around it.
Misery loves company.

Takes a bit more digging and a bit more thinking to get beyond the easy, popular, consensus whining.
But worth it.
Now, if you'll excuse me I have to.... :couch
 
prawn_86 said:
Queensland came out today and said that up to 20,000 public servants could face the axe...
Click to expand...

Yes we are talking serious numbers hey ! Plenty of the Ostrich crew still heads in ground saying this is Auuustraalia mate we is good aye' ..... we is different fulla' .....


Qld 'can't afford 20,000 public servants'11:17 AEST Tue Jun 19 2012

Queensland Premier Campbell Newman says the state is paying for 20,000 public servants the taxpayer can't afford.

Mr Newman has promised no forced redundancies as part of his cost-cutting drive, but in parliament on Tuesday he gave his strongest signal yet that permanent public servants' positions will be axed.
Click to expand...
 
Ves said:
How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
Click to expand...
No need to look for it.

Only this afternoon I had a meeting with an electrical equipment salesman from Sydney. After the meeting proper, there was a bit of casual discussion and he asked "is the economy down here (Tas) as bad as the rest?".

I don't ask for economic information. People just tell me in casual conversation whilst delivering things, after meetings and the like. With the exception of politicians, practically everyone in non-mining Australia is all too aware that things aren't that great economically.:2twocents
 
Thousands more on the scrap heap .....

HUNDREDS of police, justice and health workers will be sacked with the Baillieu Government sneaking out details after public servants had gone home.


The Government revealed plans to axe 3615 public sector jobs across 13 departments.

Raising fears for public safety, health and concerns about potential road carnage and gridlock, the Government released an outline of the jobs it intends to slash to balance the state Budget.

There will be 350 people sacked from Victoria Police, 480 jobs cut at the Department of Justice, 450 at VicRoads and 500 at the Department of Human Services.
Click to expand...


EXCLUSIVE: Thousands are expected to lose their jobs in Latrobe Valley ahead of the carbon tax next month, and the city is asking state and federal governments to absorb some of the economic pain.
Click to expand...
 
Ves said:
How much time do some of you guys spend searching and reading online sites for negative media on the Australian / world economy?
Click to expand...

Bad new sells. Its freely available.
The "truth", now that what takes the time to find.!!
Then attempt to confirm it.:cool:
joea:
 
numbercruncher said:
Yes we are talking serious numbers hey ! Plenty of the Ostrich crew still heads in ground saying this is Auuustraalia mate we is good aye' ..... we is different fulla' .....
Click to expand...

Yes we are now finding out where all the jobs were created by the Labor government! State & Federal.

The real business word , calls them paper shufflers.

They are not paid by business, but by the tax payer!
Labor says they will create jobs, but never tells you who actually pays for them.:cautious:

Great eh!:eek:
joea
 
8+ years of experience working on heavy industrial projects
Fluent in Mandarin & English (Reading, Speaking and Writing)
Valid Australian work permits
Experience through the installation phase of mechanical assets on the mine site (Concentrator Installation)
Desirable skills – heavy mechanical construction background, heavy lift, studies, installation, QA / QC
Gained experience working on a FIFO role
Mechanical Bia’s (BSc Mechanical – Or Equivalent)


Here is the good news soon we will be like USA with the Chinese buying up all our RE and companies.
 
Another 300 on the scrap heap - not sure where all these finance type folks will find new jobs with skyrocketing layoffs ?

PERPETUAL warned of a massive full-year profit slide, board pay cuts and 300 job losses as part of a major restructure.

Chairman Peter Scott will have his pay cut by 42 per cent, while pay for non-executive directors is to drop by an average 25 per cent, the company said today.

Perpetual expects to cut around 300 employees as part of the restructuring, including around 280 job losses incurred from the sale of its mortgage lenders unit, called Perpetual Lenders Mortgage Services. The fund manager said that the sale process was "well advanced" but provided no further details.
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http://www.theaustralian.com.au/business/financial-services/perpetual-slashes-executive-pay-amid-profit-warning/story-fn91wd6x-1226407328890
 

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