According to a global study conducted by TNS, the global financial crisis has baby boomers running scared, with 44 percent of Australia boomers hinting they will have to postpone their retirement. The study looked at how the global financial crisis is affecting consumers in five key countries – the UK, France, Germany, the US and […]
With the sacking of 1850 Pacific Brands workers, the manufacturing industry is suffering and small businesses are the worst affected according to trade and industry consultant Martin Feil. According to Feil, federal and state manufacturing policy should place more emphasis on small business, as its current focus is on big business. “We’ve got hundreds of […]
Critics have labelled the payouts of Telstra CEO Sol Trujillo and Pacific Brands chief executive Sue Morphet as ‘greedy’ ‘obscene’ and a ‘corporate crime.’ After announcing he would leave Telstra in June, Sol Trujillo has received a $30 million golden handshake, despite the sacking of thousands in his time at the top. This follows news […]
At the Jobs Summit in Sydney yesterday, retailers called on the NSW Government to do more to support jobs during the economic downturn and reduce business costs. They prepared a ‘wish list’ which included full deregulation of trading hours, reducing red tape and dedicating 15 percent of the recently announced 175,000 traineeship places for the […]
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The Australian National Retailers Association (ANRA) has advocated a plan to cut payroll tax, with the possibility of saving cash strapped employers upwards of 55,000 jobs. The plan by the ANRA would see the burden of payroll tax on jobs cut by almost 25 percent, with the cost of this tax relief shared equally between […]
As banks are increasingly tightening credit, Australia’s largest non-bank provider of cash flow finance, Scottish Pacific Benchmark (SPB) is offering finance for small businesses who may be struggling to find the working capital they need. With more than $50 million available to new clients, SPB’s cash flow finance allows small businesses to draw down against […]
Business industry expert Taine Moufarrige has predicted that the “nimbleness” of small and medium sized businesses will enable them to flourish in 2009 and pull Australia out of recession. This comes off the back of news that Servcorp, the world’s finest serviced office and business solutions company, has posted positive half year results, with a […]
Calls from unions to ‘Buy Australia’ to stem job losses and save what’s left, has been dismissed by industry groups, claiming it won’t stop jobs from being cut. The Textile, Clothing and Footwear Union has urged the Federal Government to guarantee redundant workers full entitlements and suggested that people buy Australian goods to support local […]
On the back of news that Pacific Brands will axe 1,850 jobs, phone companies Nokia and Vodafone and property developer Lend Lease have announced plans to shelve thousands of jobs, the latest companies to fall victim to the economic crisis. Lend Lease yesterday announced plans to cut 2,000 jobs worldwide, with 20 percent of the […]
