Derrick MacThomas
March 13th, 2009, 10:36 PM
When I made reference to Madam Le Guillotine in Federation Square during my most recent show I was exercising some dark humour. I did not mean it literally.
After what I have read during the past few days, though, I have come to the conclusion that I do want to kill the bastards.
Read the article below and tell me if you can think of anything else that is appropriate for these bastards.
Come the great and glorious New Order, Madam Le Guillotine will be busy for some time.
http://www.news.com.au/dailytelegraph/story/0,22049,25185460-5001021,00.html
ANZ execs' $500,000 holiday before sacking staff
By Ben Butler and Stephen McMahon
March 14, 2009 10:17am
TOP ANZ executives enjoyed a $500,000 luxury island holiday just weeks before they axed 500 workers and sent their jobs to India.
The corporate junket is estimated to have cost the bank up to $500,000 and was attended by chief executive Mike Smith, who pocketed $13 million last year, and Australian boss Brian Hartzer, who made $3.2 million.
Melbourne, where the bank has its head office, will be hardest hit by ANZ's offshore move, reports the Herald Sun.
Between 800 and 1000 staff have already been retrenched this year, despite last year's profit of $3.3 billion.
Unions called for the Federal Government to force banks to keep jobs in Australia in return for at least $600 billion in taxpayer support introduced in October as the global financial crisis hit.
Finance Sector Union national secretary Leon Carter said the lack of a jobs guarantee was "simply outrageous".
"Australia's big banks have sent almost a thousand Australian bank jobs overseas in the past five months alone," he said. "Meanwhile, they have bagged taxpayer guarantees to prop up their huge profit margins."
ANZ paid for 200 people to stay at Hayman Island, where rates start at $580 a night for a basic room and go to $3900 a night for a penthouse.
A bank spokeswoman confirmed Mr Smith, Mr Hartzer and head of human resources Susie Babani stayed overnight at the resort last week. She said ANZ had paid less than the resort's advertised rates.
"Although times are tough and these types of programs need to be tailored to recognise this, we still want to encourage and recognise staff that are doing a great job day-in and day-out and whose work often goes unrecognised," she said.
She declined to say how many jobs would be sent to ANZ's technology centre in Bangalore but said the bank would try to find other work in Australia for staff whose jobs were sent overseas.
Each job sent to India saves banks hundreds of dollars a week. An Australian document processor makes at least $827 a week, according to the FSU.
Indian outsourcer AimDataSoft charges about $191 a week for data processing and on its website boasts that "the wage levels of India are considerably lower than those in the US, UK or other countries".
Since the start of the global financial crisis 6768 jobs have been lost to the finance sector, with more cuts feared as banks slash costs to the bone.
Yesterday, former bank workers who have already lost their jobs offshore told a Senate inquiry banks should support the Australian community by keeping work here.
After what I have read during the past few days, though, I have come to the conclusion that I do want to kill the bastards.
Read the article below and tell me if you can think of anything else that is appropriate for these bastards.
Come the great and glorious New Order, Madam Le Guillotine will be busy for some time.
http://www.news.com.au/dailytelegraph/story/0,22049,25185460-5001021,00.html
ANZ execs' $500,000 holiday before sacking staff
By Ben Butler and Stephen McMahon
March 14, 2009 10:17am
TOP ANZ executives enjoyed a $500,000 luxury island holiday just weeks before they axed 500 workers and sent their jobs to India.
The corporate junket is estimated to have cost the bank up to $500,000 and was attended by chief executive Mike Smith, who pocketed $13 million last year, and Australian boss Brian Hartzer, who made $3.2 million.
Melbourne, where the bank has its head office, will be hardest hit by ANZ's offshore move, reports the Herald Sun.
Between 800 and 1000 staff have already been retrenched this year, despite last year's profit of $3.3 billion.
Unions called for the Federal Government to force banks to keep jobs in Australia in return for at least $600 billion in taxpayer support introduced in October as the global financial crisis hit.
Finance Sector Union national secretary Leon Carter said the lack of a jobs guarantee was "simply outrageous".
"Australia's big banks have sent almost a thousand Australian bank jobs overseas in the past five months alone," he said. "Meanwhile, they have bagged taxpayer guarantees to prop up their huge profit margins."
ANZ paid for 200 people to stay at Hayman Island, where rates start at $580 a night for a basic room and go to $3900 a night for a penthouse.
A bank spokeswoman confirmed Mr Smith, Mr Hartzer and head of human resources Susie Babani stayed overnight at the resort last week. She said ANZ had paid less than the resort's advertised rates.
"Although times are tough and these types of programs need to be tailored to recognise this, we still want to encourage and recognise staff that are doing a great job day-in and day-out and whose work often goes unrecognised," she said.
She declined to say how many jobs would be sent to ANZ's technology centre in Bangalore but said the bank would try to find other work in Australia for staff whose jobs were sent overseas.
Each job sent to India saves banks hundreds of dollars a week. An Australian document processor makes at least $827 a week, according to the FSU.
Indian outsourcer AimDataSoft charges about $191 a week for data processing and on its website boasts that "the wage levels of India are considerably lower than those in the US, UK or other countries".
Since the start of the global financial crisis 6768 jobs have been lost to the finance sector, with more cuts feared as banks slash costs to the bone.
Yesterday, former bank workers who have already lost their jobs offshore told a Senate inquiry banks should support the Australian community by keeping work here.