Telstra cuts

[twinkles**stars]

1100 employees to lose their jobs 😞

[joz*garage]

do you work for them?

[twinkles**stars]

No

[just_me_karen]

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!

[i-need-a-martini]

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...

[debra9275]

More jobs being outsourced to India by the sound of it

[lyndal1838]

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@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!

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

[*elizabeths-mum*]

So where do the profits go?

Apparently not in improving service from our experience.

[i-need-a-martini]

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@lyndal1838 wrote:

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@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.

[*crikey*mate*]

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@lyndal1838 wrote:

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@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.

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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!!!