Australian Job Losses

[Moneybags]

Sorry to hear that - any chance you could start up on your own?

Cheers Arco, that's a very real possibility.

MB

 

[MR.]

Every company is only concerned with their bottom line. Retrenchment is the measure of first resort.

The poor lose their job while the top management only forgo their bonuses.

These first retrenched (working class) having, as thought a sercure job, no doubt have longer term debts.

Get back out there. But firstly think of which jobs will always be needed. There has been discussions on other (dedicated threads.)

http://www.positionsvacant.com.au/JobSearch/jobseeker/position/positionSearch.aspx

 

[MR.]

I DONT WANNA HEAR ABOUT IT ANYMORE!

Actually, I have just heard, make that SIX people!

Yep i agree. Another example of the failures of democracy with politicians trying to please the masses by keeping the bubble going.

The sooner the recession is over the sooner firms will start employing again, which is good for everyone...

We really do not want the bubble to pop though?

Deflate is what we want, surely. ("want" may not be the correct word)

 

[MrBurns]

Cheers Arco, that's a very real possibility.

MB

If you work for yourself Moneybags even if you make sweet FA at least some bastard cant give you the sack, you're in control. (well sort of) Good luck, just do it and dont look back, you'll love it.

 

[Spek]

Big fat law firms have had head count freeze most of the year but are now quietly ramping up redundancies.

 

[Indie]

We really do not want the bubble to pop though?

Deflate is what we want, surely. ("want" may not be the correct word)

Deflation is better than hyper-inflation.

At least deflation makes most things more affordable, provided you have income of some sort. Even welfare payments. Those with a good income are able to afford a better living standard as the price of most goods falls in relation to dollars. But rising unemployment would probably see falling wages too as competition in the labour market intensifies.

As far as jobs go, the problem is working out where the next driver for employment is going to come from now that the financial services industry has peaked and resources are in for a protracted down period as production is slashed. We need something like the dot.com boom.

 

[tommymac]

Well you can add little old me to those numbers..........Boss called yesterday and I'm now unemployed Anyone need their wood chopping........

MB

Sorry to hear that MB.

I too am in that position. I'll save you a spot in the line at Centrelink.

 

[Smurf1976]

Just heard the Tas premier noting that economic conditions had "deteriorated rapidly". Bottom line? Public service job cuts may be on the agenda including in areas such as health.

Everywhere I look, I see nothing but signs of economic trouble. It's not a case of mixed signals or maybe a soft patch, it's outright doom and gloom practically everywhere. In that environment it's inevitable that first a hiring freeze and then job cuts will be on the agenda of many businesses both small and large.

I'm thinking it's all down hill for the next 12 - 18 months with the real economy. The markets should bottom first in theory but with the real economy the slide has barely started.

 

[Julia]

Tommymac and Moneybags, really sorry to hear of the job loss.
Hope something else turns up or you can get creative and be your own boss.
All the best.

 

[numbercruncher]

As far as jobs go, the problem is working out where the next driver for employment is going to come from now that the financial services industry has peaked and resources are in for a protracted down period as production is slashed. We need something like the dot.com boom.

The enviromental/sustainability, alternative energy business has got to be the next mega boom old mate Obama has said hes going to get right behind enviromental concerns ......

Maybe humanities last chance to get it right, if we cant build a sustainable world its going to end really badly ...

 

[chops_a_must]

The enviromental/sustainability, alternative energy business has got to be the next mega boom old mate Obama has said hes going to get right behind enviromental concerns ......

Maybe humanities last chance to get it right, if we cant build a sustainable world its going to end really badly ...

Not gonna happen.

Most of those jobs go along with the mining business.

And in any case, Rudd killed the alternative energy industry here. Absolute moron.

 

[Smurf1976]

The enviromental/sustainability, alternative energy business has got to be the next mega boom old mate Obama has said hes going to get right behind enviromental concerns ......

Maybe humanities last chance to get it right, if we cant build a sustainable world its going to end really badly ...

Totally agreed that energy is the "next big thing" but I'd expect that to be all forms of primary energy production whether "green" or not.

With the current situation killing off projects left, right and centre (globally) we'll very soon be hit with declining production of conventional energy sources (globally) as existing fields continue their natural declines, mines are worked out, reactors wear out and so on. That's what happens if not much new gets built while the old is slowly used up, worn out etc.

Then I think we'll end up in a panic once the economy climbs out of recession and runs head on into energy constraints. Then we'll end up using anything and everything that works no matter what the consequences - that's historically what happens when the lights really are about to go out.

Relevant jobs? Basically anything related to large scale construction.

 

[Wysiwyg]

An Earth of concrete and steel.Like a swarm of locusts smothering every square centimetre of ground.Engulfing ... consuming ... conquering ... dominant of land, choking of sea.

 

[chops_a_must]

I fear for the meth dealers.

What are they going to do when the FIFO crew can no longer afford it?

 

[Moneybags]

Sorry to hear that MB.

I too am in that position. I'll save you a spot in the line at Centrelink.

Cheers tommy, not sure if I'm entitled actually.

Good luck to you, hope you find something soon.

MB

 

[Moneybags]

Tommymac and Moneybags, really sorry to hear of the job loss.
Hope something else turns up or you can get creative and be your own boss.
All the best.

Thanks Julia, I have an interview tomorrow so we'll see.......stiff competition for jobs up here.

MB

 

[Wysiwyg]

I fear for the meth dealers.

What are they going to do when the FIFO crew can no longer afford it?

Indeed, drugs, theft, backstabbing, fraud, drinking, smoking etcetera could all be on the increase.

 

[noirua]

As I worked around the world contract, mostly through agencies. I had a lot of experiences of job problems.
Strange how it was always easier to find a new contract when I had one already and terribly difficult sitting at home, even worse in a hotel.

Makes it easier if you have an "on your bike", type of attitude. That is, Perth in January, UK in March and Norway in November. This happened to me, and I don't say you have to go this far, but a stay in State attitude is restrictive.

 

[MR.]

"There will be a small reduction in our workforce for Citi Australia," a spokesperson told news.com.au.
Citigroup has 2500 employees in Australia, primarily in Sydney and Melbourne.

Westpac as it swallows smaller rival St George and cuts up to 2000 jobs.

Suncorp last week said it would cut 350 staff, on top of the 200 it has already lost by merging its retail and banking businesses.

Macquarie Group, Australia's largest investment bank, has put 600 property and real estate bankers on notice that jobs will be slashed across that division.

News Corp's executive chairman Rupert Murdoch has flagged "across-the-board'' job cuts at the media giant's Australian and British operations.

Queensland employers who sack staff in response to the financial crisis could find themselves in the middle of a "legal minefield", a Gold Coast expert has warned.

Fairfax has been slashing hundreds of jobs to cut costs, but chief executive David Kirk has been given a 24 per cent pay rise.

Approx' 40 senior bankers have been sacked from ANZ in the past few weeks

National Australia Bank cut 179 technology staff

 

[chops_a_must]

Indeed, drugs, theft, backstabbing, fraud, drinking, smoking etcetera could all be on the increase.

Yeah, probably just sector rotation.

You know, back into the smack, downers etc.

Rather than the "wealthy" stimulant types in coke, meth and the like. Which has been especially a massive industry with all the wealthy workers over here that are looking to get into things that don't show up on company tests.