Telstra cuts

[twinkles**stars]

1100 employees to lose their jobs 😞

[debra9275]

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

[debra9275]

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

[i-need-a-martini]

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@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

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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. 

[*crikey*mate*]

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@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...

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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?

[debra9275]

Exactly martini, we need jobs kept here

[*crikey*mate*]

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@i-need-a-martini wrote:

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@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. 

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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.

[debra9275]

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

[*crikey*mate*]

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? 

[debra9275]

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

[*crikey*mate*]

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.