Thousands of jobs are steadily waning across Australia as companies continue to restructure their operations to cut costs in an effort to offset the impact of the COVID-19 pandemic and sustain profits.
According to the Australian Bureau of Statistics (ABS), the unemployment rate is currently 6.8 percent, down from a 22-year high of 7.5 percent in July. The monthly ABS jobs survey, however, downsides the true unemployment rate by counting as employed people who have worked only one hour a week.
A more reliable indicator of the current unemployment rate is provided by Roy Morgan Research. According to the September survey, 1.83 million people were unemployed or 12.9 percent of the workforce. An additional 1.33 million or 9.4 percent are not working – that is, working but looking for more hours of work. In total, 3.16 million large, 22.3 percent, were unemployed or under-employed.
The true unemployment rate is also obscured by the Liberal government’s JobKeeper scheme where employers initially receive $ 1,500 per fortnight to keep employees on their books, even when they have been withdrawn. The government scheme was introduced in April, when COVID-19 restrictions were put in place and for fear the depression looming over unemployment would trigger a social boom.
The unemployment rate will jump dramatically as JobKeeper’s payouts close at the end of March next year, which have been reduced to $ 1,200. According to Natasha Hawker, director of Employees Matter, the end of JobKeeper will expose workers to “redundant bloodshed.” He told the media that for smaller businesses— “for whom cash flow is so important” —JobKeeper “has been like a ventilator but oxygen is going to shut down soon, and some businesses will not survive without life support.”
Employees now fired will also face increasing financial hardship as the federal government moves to end Job Seekers’ unemployment benefits that were imposed in the first months of the pandemic, doubling previous social security payments. Job Seeker’s Benefits have now been cut by $ 300 to $ 815.70 two weeks, and are returning to the old poverty rate of $ 282.85 a week’s payout from January.
Job Seekers’ pay is being cut to force unemployed into low-paying jobs and the drastically deteriorating conditions that have been created during the pandemic. One of them is the harvest of agricultural products, which the government has reduced travel restrictions on COVID-19 so that the agricultural industry can access it. cheap backpacker power.
The “redundant bloodshed” that has lasted since April has left thousands of jobs destroyed across the university sector.
According to the most recent figures compiled by the National Tertiary Education Union on Sept. 25, nearly 12,500 permanent jobs had been cut off at Australian universities or 10 percent of the entire university workforce before COVID-19 which numbered around 130,000. The union estimates that 90,000 permanent, fixed-term and casual tertiary jobs have been performed eliminated in the last six months.
Many employers are leveraging COVID-19 to restructure and implement workplace changes planned before the pandemic, including moving face-to-face customer service to online services and paving the way for further job outsourcing.
For example, in September, Suncorp, a Brisbane-based banking and insurance group, announced it would permanently close 19 stores in Queensland, New South Wales and Victoria and one business center for a cost of 550 jobs. Most of the shops have been closed since April. A Suncorp spokeswoman said the company “continues to adapt the team to our new operating model.”
Thousands of jobs have been fired at aviation sector, led by Australia’s largest operator, Qantas, despite pocketing millions of dollars in government aid. In late August, the company announced the demolition of 2,400 in-house field staff positions via outsourcing. This is on top of the elimination of 6,000 jobs earlier in the year. Australian Virgin, recently acquired by looter firm Bains Capital, has announced another 150 layoffs above the 3,000 that were cut in August.
Other layoffs include:
Travel agent Flight Center announced this month it would close 91 stores across Australia, destroying hundreds of jobs. The cuts come on top of the 300-store closure and the company’s 4,000 cut in sales and support jobs in the past six months.
As part of a global restructuring, Chevron would cut 230 jobs, or 10 percent of the workforce, in Australian operations. This follows the elimination of 1,500 jobs by companies in July.
Australia’s largest meat processing company, JBS, last month announced it would cut 600 jobs at its Dinmore plant in Queensland, or a third of the workforce of 1,700. Consulting firm Accenture will cut up to 250 jobs at the Australian operation, as part of an international restructuring to cut 25,000 positions worldwide.
Opera Australia has plans to fire more than 25 percent of its permanent workforce and terminate many other contracts. The company employs more than 300 artists and permanent staff, and provides employment opportunities for up to 1,000 people a year.
That NRL (The National Rugby League) will cut 25 percent of staff, including head office positions, in restructuring to save $ 50 million annually.
That Australian Department of Defense in August it said it would cut 111 jobs across various divisions, including scientific and engineering specialists.