Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 651 - 660 of 1683 results for "Workers"

Local financial sector to lose $3.5bn plus

KANIKA SOOD  |  THURSDAY, 30 APR 2020
... still open, but its incomes are set to fall $5 billion short in the next few months. It is struggling to get some of its workers onsite, as they'd ordinarily fly into remote locations for short stints from out-of-State. But they can't cross those ...

Chief economist update: No cheers as RBA hits inflation target

BENJAMIN ONG  |  THURSDAY, 30 APR 2020
... pay dearer prices for products and services; businesses are no longer engaging in discounting to improve market share; workers and pensioners (whose wages and pensions are indexed to the CPI would be getting more); and, in macroeconomic sense, the threat ...

Gargantuan stimulus needed to survive economic disaster

ALLY SELBY  |  WEDNESDAY, 29 APR 2020
... "A broad take-up could also engender the political support needed to extend JobKeeper to more than one million casual workers, and temporary visa holders and students. "Denying people who could contribute to Australia's economic recovery the opportunity ...

ANZ accused of exploiting staff

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
... the annual leave request is in the best interest of staff members as the bank attempts to avoid redundancies or standing workers down. Staff have not been asked to take unpaid leave or pay cuts, a spokesperson for ANZ confirmed. "This will help us manage ...

Members begin to turn on industry funds

HARRISON WORLEY  |  THURSDAY, 23 APR 2020
... funds based on employees in hospitality and retail industries are particularly exposed to this policy as many of their workers have been stood down in recent weeks as Australia fights the COVID-19 coronavirus pandemic. "A majority of industry funds had ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... and its corporate sector. The US labour market has already deteriorated markedly just weeks into its lockdown - 701,000 workers lost their jobs in March and the unemployment rate jumped by nearly a percentage point to 4.4% from 3.5% in February. Based ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... said. "We can change a lot of macroeconomic policy settings and a lot of settings around industrial relations to enable workers to get higher wages now. "And at the same time, we can enable them to save more for an adequate retirement, and really this ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... executive Margo Lydon added. "The pandemic has impacted the mental health and wellbeing of the vast majority of Australian workers, either from losing their jobs or being asked to work from home or in different ways. With so much rapid change for most ...

Millions jobless within weeks: Grattan

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... The think-tank's latest analysis of the impact of the COVID-19 pandemic predicts that between 14 and 26% of Australian workers could be out of a job within weeks, if they aren't already. The institute's new analysis pointed to the government's social ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... "The super funds in this country have $3 trillion worth of assets, and here we have a company that needs capital and its workers have been paying into industry funds," Morrison said. "I appreciate that comes with a different risk premium, but this is ...