@debra9275 wrote:
Crikey, the topic is about Telstra axing yet more jobs and outsourcing to countries with cheaper wages. they do it purely to increase their profit margins
business has been outsourcing the supply of parts and labour for years, IT is especially easy to out source.
Many if not most companies are driven by profit for their owners and have little or no social conscience regardless of how we think they should operate.
The only way to control a company is to own it our selves, like all the other publicly owned services that were sold of to private operates for a quick $$ and now we are all paying far more for both the services and lost jobs and having to pay even more tax to make up the lost income from the profitable ones, and yes they had to have had a profit potensial or no one would have bought them.
Its very interesting I just did a little research and calulation and the goverment could quite easily buy Telstra back.
After working out what they recieved for each share from the T1 T2 & T3 sale they recieved $4.77 average per share and last night Telstra close at just $4.93 so it isnt out of reach.
Same they spent all our public money on huge pays for pollies that raped our public assets
http://en.wikipedia.org/wiki/Telstra
this bit is of huge concern to me and something I have never heard about
The 17% remainder of Telstra was placed in Australia's Future Fund, which will provide superannuation and pensions for Australia's public servants.[10] In 2009, the Future Fund sold off another $2.4B worth of shares reducing the government's stake in Telstra to 10.9%.[11]
Its no wonder they need to get rid of public servants or have them on short term contracts, so they dont get these benifits, shame they didnt work out that they will still need to pay them out of the public purse regardles of the fact its a super or welfare payment.
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