topic Re: Telstra cuts in Community Spirit

Telstra cuts

twinkles**stars — Wed, 25 Sep 2013 09:04:09 GMT

1100 employees to lose their jobs 😞

Re: Telstra cuts

joz*garage — Wed, 25 Sep 2013 09:05:03 GMT

do you work for them?

Re: Telstra cuts

twinkles**stars — Wed, 25 Sep 2013 09:09:47 GMT

Re: Telstra cuts

just_me_karen — Wed, 25 Sep 2013 09:15:15 GMT

That disgusts me, hearing that news. Their 2013 Profit rose 12 per cent to $3.81 billion... and I reckon that shows why helping companies to increase profits in Australia does not flow down to increased employment. It gets given to shareholders and shoved into corporate pockets. Australia has poor corporate social attitudes, compared to European and USA companies.

Gawd so many typos to edit!

Re: Telstra cuts

i-need-a-martini — Wed, 25 Sep 2013 09:24:26 GMT

Well perhaps if the Howard Government hadn't sold off the last of it's stronghold shares in 2006, then those 1100 people wouldn't be facing unemployment queues right now...

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 09:27:10 GMT

More jobs being outsourced to India by the sound of it

Re: Telstra cuts

lyndal1838 — Wed, 25 Sep 2013 19:51:32 GMT

@just_me_karen wrote:
That disgusts me, hearing that news. Their 2013 Profit rose 12 per cent to $3.81 billion... and I reckon that shows why helping companies to increase profits in Australia does not flow down to increased employment. It gets given to shareholders and shoved into corporate pockets. Australia has poor corporate social attitudes, compared to European and USA companies.

Gawd so many typos to edit!

Telstra does not give increased dividends to their shareholders. They have paid the same 8cents per share for at least the last 9 years.

Re: Telstra cuts

*elizabeths-mum* — Wed, 25 Sep 2013 20:39:09 GMT

So where do the profits go?

Apparently not in improving service from our experience.

Re: Telstra cuts

i-need-a-martini — Wed, 25 Sep 2013 21:16:55 GMT

@lyndal1838 wrote:
@just_me_karen wrote:
That disgusts me, hearing that news. Their 2013 Profit rose 12 per cent to $3.81 billion... and I reckon that shows why helping companies to increase profits in Australia does not flow down to increased employment. It gets given to shareholders and shoved into corporate pockets. Australia has poor corporate social attitudes, compared to European and USA companies.

Gawd so many typos to edit!
Telstra does not give increased dividends to their shareholders. They have paid the same 8cents per share for at least the last 9 years.

Telstra currently paying 28c per share and last month announced they will increase this to 30c next financial year.

Re: Telstra cuts

*crikey*mate* — Wed, 25 Sep 2013 21:17:45 GMT

@lyndal1838 wrote:
@just_me_karen wrote:
That disgusts me, hearing that news. Their 2013 Profit rose 12 per cent to $3.81 billion... and I reckon that shows why helping companies to increase profits in Australia does not flow down to increased employment. It gets given to shareholders and shoved into corporate pockets. Australia has poor corporate social attitudes, compared to European and USA companies.

Gawd so many typos to edit!
Telstra does not give increased dividends to their shareholders. They have paid the same 8cents per share for at least the last 9 years.

Lyn, please don't provide any facts.

Don't give anyone reason to actually do some research before jumping to their misguided beliefs.

Didn't you know that all businesses are expected to keep unqualified people employed? People whose skills and qualifications have been outdated by current and emerging technologies?

I mean, it's just not very Australian to actually expect people to earn their wages, eh? Australians should just be given a wage! It's much more Australian to just keep handing out a pay cheques each week to those that are not meeting the company's requirements, It'd be so much more Australian if we all just pooled our money and assetsand split it evenly amongst everyone regardless of their skill levels or effort.

How dare a company restructure in order to improve efficiency! How dare a company make a profit!!!

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 21:21:51 GMT

Telstra have always paid a relatively high dividend in ratio to their share price

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 21:35:56 GMT

Crikey!!

I wouldn't call them unqualified workers and say they just turn up to get paid without actually doing any work

http://www.smh.com.au/business/telstra-axes-1100-jobs-in-restructure-20130925-2udqw.html

Re: Telstra cuts

i-need-a-martini — Wed, 25 Sep 2013 21:42:49 GMT

@debra9275 wrote:
Crikey!!

I wouldn't call them unqualified workers and say they just turn up to get paid without actually doing any work

http://www.smh.com.au/business/telstra-axes-1100-jobs-in-restructure-20130925-2udqw.html

Should also point out that many of those jobs are being outsourced to Asia which Telstra announced as a cost cutting strategy last quarter.

So it isn't about keeping 'unqualified' Australians in wages at all costs. It is about REPLACING those same Australians with overseas cheap labour.

Re: Telstra cuts

*crikey*mate* — Wed, 25 Sep 2013 21:42:55 GMT

@i-need-a-martini wrote:
Well perhaps if the Howard Government hadn't sold off the last of it's stronghold shares in 2006, then those 1100 people wouldn't be facing unemployment queues right now...

Ok, lets say that Mr Howard did a bad thing. He left a surplus, didn't he? If Mr Rudd thought it was such a bad thing, why didn't he buy at least some of the shares back?

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 21:44:37 GMT

Exactly martini, we need jobs kept here

Re: Telstra cuts

*crikey*mate* — Wed, 25 Sep 2013 21:50:39 GMT

@i-need-a-martini wrote:
@debra9275 wrote:
Crikey!!

I wouldn't call them unqualified workers and say they just turn up to get paid without actually doing any work

http://www.smh.com.au/business/telstra-axes-1100-jobs-in-restructure-20130925-2udqw.html
Should also point out that many of those jobs are being outsourced to Asia which Telstra announced as a cost cutting strategy last quarter.

So it isn't about keeping 'unqualified' Australians in wages at all costs. It is about REPLACING those same Australians with overseas cheap labour.

well, yes it is. You see, every 3 years or so Universities spit out their latest ICT graduates with the most current training possible (apparently - I have reservations - most of what you get taught in the 1st year of an ICT course is superseded before you even finish the degree, but anyway).

Companies want the people with the most up to date qualifications.

This isn't the first time Telstra has done this, most companies restructure with a key management or strategic plan change.

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 21:54:27 GMT

Companies want the people with the most up to date qualifications.

they must live in India

and that's right Crikey, it's not the first time Telstra have done this

Re: Telstra cuts

*crikey*mate* — Wed, 25 Sep 2013 21:59:36 GMT

the outrage needs to be redirected to how many of those "more qualified" Indians received their qualifications through Australian Universities over the last 6 years.

International students provide a LOT of income to Australia - Education is out 3rd biggest export.

I wonder what would happen to that export market if there were no jobs at the end of the degree?

Re: Telstra cuts

debra9275 — Wed, 25 Sep 2013 22:05:40 GMT

Already there aren't enough jobs for own kids here when they graduate from uni

Re: Telstra cuts

*crikey*mate* — Wed, 25 Sep 2013 22:11:55 GMT

Hey! I didn't make education our 3rd biggest export!

However, our International students are what helps to keep the costs of education down for our own students.

For every full fee paying International student, it offsets the costs for 6 of our own.

In the school system, those 6 kids are "free" for the Gov. They don't have to find the money to pay for them.

I wonder what happens to the international students if they are not given places in our uni's?

My point is that it's all interwoven. We're not self sufficient. We can't be if we hope to compete with the rest of the world.