Category Archives: Corporate

Improving our skill capability by leveraging global scale of sourcing providers

We’re not making enormous profits and then forcing Australian staff we’ve just sacked to train incompetent but much cheaper overseas replacements, says Westpac – we’re

“improving our skill capability by leveraging global scale of sourcing providers,” a spokeswoman said.

Bravo. I like the way that sentence in no way responds to the allegation that they are in fact reducing their “skill capability” by hiring cheaper, less qualified staff to fund obscene executive salaries.

Just out of interest – and obviously I’m not an economist – what would be the negative effect of offering tax incentives to companies who employ, say, 90% or more of their staff physically in Australia?