Qantas is sacking another 850 workers and sending the roles to Accenture, a New York consulting multinational that will pay little Australian tax. David Jones has entered voluntary…
Qantas is sacking another 850 workers and sending the roles to Accenture, a New York consulting multinational that will pay little Australian tax. David Jones has entered voluntary administration with 6,000 jobs at stake, and NAB, Telstra, Woolworths, Coles, Westpac and CBA are cutting staff too. Michael West argues the fix sits with a government that has not caught up with AI, and with an ANZ that sacked 3,500 people, absorbed Suncorp and now wants back into wealth management.
Chapters: 00:00 Qantas Cuts 850 Jobs 00:34 David Jones Administration 01:34 AI and Job Losses 02:36 AFR and ANZ 04:38 ANZ Profit and Sackings 06:50 Suncorp Takeover 09:03 Wealth Management Return 12:09 Treasury Note Market 13:10 ACCC, ASIC and ATO 14:14 Social Fabric Warning Articles Mentioned: Qantas to slash hundreds of jobs, send roles overseas / https://michaelwest.com.au/qantas-to-slash-hundreds-of-jobs-send-roles-overseas/ Tax data: corporate tax dodgers revealed / https://michaelwest.com.au/taxdata-corporate-tax-dodgers-revealed/ David Jones: a lesson for retailers as staff reassured / https://michaelwest.com.au/david-jones-a-lesson-for-retailers-as-staff-reassured/ NAB axes thousands of jobs in major restructure / https://michaelwest.com.au/nab-axes-thousands-of-jobs-in-major-restructure/ ANZ plan delivers with big banks' best result in years / https://michaelwest.com.au/anz-plan-delivers-with-big-banks-best-result-in-years/ ANZ Suncorp: what's the scam / https://michaelwest.com.au/anz-suncop-whats-the-scam/ ANZ wins fat cat super fund gong once again / https://michaelwest.com.au/anz-wins-fat-cat-super-fund-gong-once-again/ End the banks' grip on debt markets, let citizens in / https://michaelwest.com.au/end-the-banks-grip-on-debt-markets-let-citizens-in/ Patreon: https://www.patreon.com/thewestreport Website: https://michaelwest.com.au
This is a source-linked briefing. Read the original report from Michael West Media .