Australian Job Losses

[shaunQ]

Just came across this, which I think might have been missed...

Mining services company Brierty says up to 100 jobs could be on the line after Fortescue Metals Group suddenly terminated a contract six months early.

http://www.wabusinessnews.com.au/lo...story/1/70577/Brierty-takes-12m-hit-from-FMG-

 

[Aussiejeff]

Not really off topic. I too thought of posting similar "good news". Nothing really stood out though. However 7000 + 9000 jobs created stands out!

Hope they're not just for part-time juniors! ???

IF you read the fine print, Woolies CEO says the job creation IS conditional on forward growth and sales remaining strong.

So, there is an IF factor here. The estimated new jobs are not set in concrete by any means, whereas the rapidly increasing number of job cuts to date have been.


aj

 

[MR.]

IF you read the fine print, Woolies CEO says the job creation IS conditional on forward growth and sales remaining strong.

Is correct....... (always read the fine print) good publicity!


Couldn't find above ......... Boart Longyear also sacks 2000.

 

[Timmy]

IF you read the fine print, Woolies CEO says the job creation IS conditional on forward growth and sales remaining strong.

Ummm.... and don't forget to read the obvious ... 9000 already created in the half-year.

 

[dalek]

IF you read the fine print, Woolies CEO says the job creation IS conditional on forward growth and sales remaining strong.

So, there is an IF factor here. The estimated new jobs are not set in concrete by any means, whereas the rapidly increasing number of job cuts to date have been.


aj

Everything in life is conditional, would you expect employment to go up if sales go down ?
why can't this just be accepted for what it is, ....a positive outcome.
Transient or not.
It's OK to have good news.......really.

 

[Smurf1976]

Hope they're not just for part-time juniors! ???

Sadly, we're in the situation now where it's very much a case of anything being better than nothing. At least it's a job.

What I'm wondering though is if the projected sales growth is real growth in overall retail sales or is it simply a case of Woolworths expecting to take market share from competitors? Nothing wrong with competition, but if that's what's driving the sales and job creation then it stands to reason that competitors will be laying off staff as their sales decline.

 

[gooner]

I lost my job recently, but can't get Newstart allowance as I have more than the asset cut off point (>$250,000, I think). My neighbour is in the same position (yes both were bankers). Thus neither of us are counted in the unemployment figures but both of us are looking for jobs.

Interesting conundrum - should I spend the amount I have above $250k (renovation already planned before retrenchment) so we can get Newstart and parenting payment or keep the extra cash unless I have trouble finding a job?

It's a funny thing - you could have a $20m house that you live in but as long as your other assets are less than $250k, you can still get Newstart. I own my house but only worth six figures not eight......

I'm not complaining (much) as I know lots of people are much worse off than me

 

[tech/a]

Well.
I put 2 new staff on last week.
I'm in the Building Industry.

 

[Aussiejeff]

I lost my job recently, but can't get Newstart allowance as I have more than the asset cut off point (>$250,000, I think). My neighbour is in the same position (yes both were bankers). Thus neither of us are counted in the unemployment figures but both of us are looking for jobs.

Interesting conundrum - should I spend the amount I have above $250k (renovation already planned before retrenchment) so we can get Newstart and parenting payment or keep the extra cash unless I have trouble finding a job?

It's a funny thing - you could have a $20m house that you live in but as long as your other assets are less than $250k, you can still get Newstart. I own my house but only worth six figures not eight......

I'm not complaining (much) as I know lots of people are much worse off than me

Hmmm. Perhaps there should be a cap on PPOR asset value as well? Say, $750,000 (but not assessable for deemed income purposes)? Then again, how is one going to assess the value of one's PPOR with regard to Newstart eligibility? A formal "valuation" certificate? Could be messy!

Still, the current situation that you describe where the gummint can end up having 1,000's of Centrelink multi-millionaire ex-bankers and execs claiming Newstart until they can downsize out of their cash gobbling Mcmansions strikes me as being a tad ridiculous.

Too hard basket I guess, so the status-quo will prolly persist....


aj

 

[gooner]

Interestingly the $250,000 includes your car and household possessions, so not sure how you go valuing the household possessions. With PPOR, one option would be to use the land value used by council for rating purposess. Whilst lower than the house price as these valuations are always on the low side this would provide a starting point for parity. If someone has accumulated $1m which they have put into shares why should they be teated different from someone who has put $1m into property and live in it.

 

[GumbyLearner]

Don't you just love the beauty of marketing?

Dominos takes on white collar workers

http://money.ninemsn.com.au/article.aspx?id=759719

Out of work professionals are quitting the grim corporate scene to “sell more pizzas, have more fun” as pizza deliverers for Dominos.

While the pizza chain traditionally takes on a mix of second jobbers and university students as pizza deliverers, Dominos' boss told ninemsn that the downturn in the economy has seen white collar workers apply for jobs delivering pizzas.

Dominos has already filled 1,500 positions and is recruiting a further 2,500 workers to join its 14,000 strong workforce in Australia.

 

[Aussiejeff]

Don't you just love the beauty of marketing?

Dominos takes on white collar workers

http://money.ninemsn.com.au/article.aspx?id=759719

Out of work professionals are quitting the grim corporate scene to “sell more pizzas, have more fun” as pizza deliverers for Dominos.

While the pizza chain traditionally takes on a mix of second jobbers and university students as pizza deliverers, Dominos' boss told ninemsn that the downturn in the economy has seen white collar workers apply for jobs delivering pizzas.

Dominos has already filled 1,500 positions and is recruiting a further 2,500 workers to join its 14,000 strong workforce in Australia.

I'm surprised Krudd & Swaneee haven't jumped on this and started offering 90% rebates for all Domino's pizzas consumed in the next 12 months.

Imagine the job creation opportunities!

 

[Stormin_Norman]

Don't you just love the beauty of marketing?

Dominos takes on white collar workers

http://money.ninemsn.com.au/article.aspx?id=759719

Out of work professionals are quitting the grim corporate scene to “sell more pizzas, have more fun” as pizza deliverers for Dominos.

While the pizza chain traditionally takes on a mix of second jobbers and university students as pizza deliverers, Dominos' boss told ninemsn that the downturn in the economy has seen white collar workers apply for jobs delivering pizzas.

Dominos has already filled 1,500 positions and is recruiting a further 2,500 workers to join its 14,000 strong workforce in Australia.

fast food = inferior product (http://en.wikipedia.org/wiki/Inferior_good).

 

[xyzedarteerf]

just lost two of my contracts in a matter of days...

Domino's here i come...

 

[Bushman]

It's coming - apathy giving way to unrest. I smell the 1980's again.

 

[tommymac]

I lost my job recently, but can't get Newstart allowance as I have more than the asset cut off point (>$250,000, I think). My neighbour is in the same position (yes both were bankers). Thus neither of us are counted in the unemployment figures but both of us are looking for jobs.

Interesting conundrum - should I spend the amount I have above $250k (renovation already planned before retrenchment) so we can get Newstart and parenting payment or keep the extra cash unless I have trouble finding a job?

It's a funny thing - you could have a $20m house that you live in but as long as your other assets are less than $250k, you can still get Newstart. I own my house but only worth six figures not eight......

I'm not complaining (much) as I know lots of people are much worse off than me

It really is a terrible system. I lost my job in January, and while I don't have $250K in assets (yet) I can't get Newstart payments until April due to the liquid assets test.

Although if I had spent all my money and not saved or invested it, I would have received Newstart in one week. As my Dad said to me, Centrelink helps the people who do the wrong thing, while people who do what is right get penalised.

Oh well.

 

[MrBurns]

It really is a terrible system. I lost my job in January, and while I don't have $250K in assets (yet) I can't get Newstart payments until April due to the liquid assets test.

Although if I had spent all my money and not saved or invested it, I would have received Newstart in one week. As my Dad said to me, Centrelink helps the people who do the wrong thing, while people who do what is right get penalised.

Oh well.

Not fair, don't know what can be done about that except cheat, you have right on your side so just find a way round it, the rules are so bad they should be broken.

Good luck.

 

[tommymac]

Not fair, don't know what can be done about that except cheat, you have right on your side so just find a way round it, the rules are so bad they should be broken.

Good luck.

Easier to find another job (e.g. Woolies), which I'm considering.

 

[nomore4s]

Don't you just love the beauty of marketing?

Dominos takes on white collar workers

http://money.ninemsn.com.au/article.aspx?id=759719

Out of work professionals are quitting the grim corporate scene to “sell more pizzas, have more fun” as pizza deliverers for Dominos.

While the pizza chain traditionally takes on a mix of second jobbers and university students as pizza deliverers, Dominos' boss told ninemsn that the downturn in the economy has seen white collar workers apply for jobs delivering pizzas.

Dominos has already filled 1,500 positions and is recruiting a further 2,500 workers to join its 14,000 strong workforce in Australia.

The problem with this is that people are going to be taking substantial paycuts to stay employed, especially the workers losing jobs in the mines. As they come back to employment in other work their earning capacity will be greatly decreased.

So not only will you have higher unemployment but also a % of the work force earning less money.

 

[Trevor_S]

I lost my job recently, but can't get Newstart allowance as I have more than the asset cut off point (>$250,000, I think). My neighbour is in the same position (yes both were bankers). Thus neither of us are counted in the unemployment figures but both of us are looking for jobs.

The ABS doesn't use Newstart figures to calculate unemployment.

Spend all your savings and "assets" buying and running a business ? If that goes down the tubes at least then you will be able to apply for Newstart.