Pacific Brands Job Slash

Originally posted on Political Duo.

Pacific Brands chief executive Sue Morphet has announced that the company will slash more than 1,850 jobs as well as closing seven factories. Well-known for its ‘made in Australia’ labels such as Bonds, Morphet has said that it was a tough decision which has to be made because it was no longer ‘competitive’ for the company to do so on the long term. Continue reading

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No Jobs Are Safe As 5,000 Jobs Go In Two Days

The last two days have been horrendous for some 5,000 workers:

5000 jobs go at a stroke

Thousands of Australians will be wiped from companies’ payrolls as the economic downturn continues to bite and expectations of corporate growth wane.

In the past two days alone, three announcements of large-scale cut-backs have left more than 5000 people facing the prospect of unemployment – and prompted a senior government figure to say that no Australian job is safe.

Those job cuts have hit three distinct sectors – property, manufacturing and mining.

Then there’s the automatic flow -on effect:

Federal Industry Minister Kim Carr said he was particularly worried about the flow-on effect from the Pacific Brands decisions, with thousands of people working to supply the company with fabric, equipment and other products now also likely to lose their jobs.

“I wouldn’t say anyone’s job is safe,” Senator Carr told radio 3AW.

“These are difficult times. We are facing acute stresses right throughout the Western world as a direct result of the global recession.”

Senator Carr said about 40,000 people were employed across Australia in the textile, clothing and footwear industries, with about 3% of them to lose their jobs in the Pacific Brands clean-out.

I can’t help but return to previous comments I made back in December and since then Japan, our largest trading partner’s  economy has virtually crumbled.

Unhappy New Year: Jobless heading for 1 million

Posted on

There’s a decidedly chilling feature about what’s in store in 2009 and frankly I tend to agree with this unemployment prediction.  Whether or not government actions will help soften the blow is a matter of speculation simply because we now have on average higher housing prices and personal debt levels  as well as lower personal savings rates than the US and UK .

Jobless heading for 1 million

THE global financial crisis could force unemployment towards the one million mark next financial year, despite further expected dramatic interest rate cuts by the Reserve Bank.

In a gloomy new year outlook, economists are predicting unemployment could rise through 2009 from its current 4.4 per cent level towards 8 per cent, costing a further 400,000 people their jobs and pushing the number of unemployed to more than 900,000 – the worst level in a decade.

“Unemployment of 8 per cent in 2010 is on the cards. It’s quite likely,” said Melbourne Business School professor Mark Crosby.

But a massive economic stimulus delivered by interest rate cuts, lower petrol prices and extra government payments could mean the nation will avoid the worst of the downturn that has swept economic giants such as the US, Britain and Japan and forced a significant slowing of growth in China

Over to you

Cocktail Party!

"What can I get you doll..?"

Hi-de-hi Campers!

I just looked at my watch figuring that it must be about time for an afternoon drinky-poo’s and was shocked to discover that it was only a little after lunchtime! So I figured, what the heck, why don’t we have a little afternoon cocktail party of our own? So please grab yourself a cheese cube or a “little boy” while I sort you out with a little glass of punch.

Please note that our blogocrats sophisticated dress code applies…

Adios Trujillo!

Well, the sol has set on Sol. He has decided to pack up his millions and to return to the US.

When he started at Telstra the share price was $5.06. Today it is $3.77.

And he thinks that he has done a good job?

And this from TB:

SOL’s LIGHT GOES OUT! (Finally)

Sol Trujillo has finally pulled the pin.

http://www.news.com.au/0,,qld,00.html

Big cheer in this household.

Big problem now is that we don’t get a “government’ stooge, to agree with Mr Conroy’s claptrap.

Will this open the way for a new broadband application from Telstra?

Censorwatch: The people’s Herdict

Concerned about internet filtering and censorship. Get the latest tool in the information flow, Herdict, compliments of The Berkman Center:

As governments and institutions throughout the globe increasingly work to control the flow of information on the Internet, online filtration and censorship have become significant threats to speech on the web. Even worse, these efforts often go undetected. The groups responsible rarely (if ever) announce their intentions, and the precise details of online censorship regimes are equally difficult to track. Obviously, this complicates attempts by activists and researchers to respond to Internet filtration or blocking.

Herdict Web attempts to shed light on this previously opaque activity on the web by generating a dynamic map of information accessibility around the world. Developed by Harvard University’s Berkman Center for Internet and Society, Herdict Web provides up-to-date reports on where and when sites are inaccessible, and what kinds of users are facing difficulty. In turn, it transparently makes this information openly available online for discussion and further exploration by the public at large.

The Scoop on Herdict Web

To function effectively, it relies on input from individuals about inaccessbility to websites. That’s us. What’s that cliché about the price of democracy?

Blogocrats Exclusive: Joe’s Secret Letter

Few people realise just what Joe Hockey was really up to when he took over from Kevin Andrew’s as Minister for IR in the dying days of the Howard Government.  Fortunately, I’ve been able to obtain a copy of a letter leaked from a source who claims that not only was the Howard Government deceptive about Work Choices they also believed that Work Choices was the answer to many of our problems at the time.

It was fortunate for coalition that this letter was never released to the public. Continue reading