Redundancies - "company restructure" loophole farce

14 Comments

The vast majority of people in the resources sector have recently, and continue to be affected by redundancies. We don’t know anyone who has not been made redundant (we have many friends in the resources industry as we have been in the industry for around 20 years). The suffering of relocation that come as a consequence of redundancy, especially on women and children, is horrible. People in this sector are forced to move gain work. I really feel for our friends, colleagues, and others currently looking for work and suitable locations to move their families to. It’s about time the government took away the “company restructure” redundancy loophole for this sector. It is being abused by the companies and is coursing so much pain and suffering to hard working individuals and their families.

Posted anonymously, 15th January 2016

14 Comments

- - rachelvk said
  - 27 Jan 2016
    5:00 pm
How awful. Ultimately all these companies care about is $$$ and they will exploit every loophole possible with no regard to people and their families.

- - mum888 said
  - 21 Jan 2016
    2:06 pm
Yes it is an awful feeling and it is about cutting $$ in the end .
- mom165081 replied
  
  23 Jan 2016 , 2:42 am
  Yes, and for many being made redundant these days, the payout is nominal (if any) as the redundancies come around so fast. Contractors have no less job certainty than so called “permanent employees”. It’s a complete joke in many industries.
- - mum4107 said
  - 18 Jan 2016
    5:14 am
Yes, I totally agree. I was made redundant while on maternity leave. Small business restructured
- mom93821 replied
  
  18 Jan 2016 , 8:32 am
  The last thing you need to find out when on maternity leave!
  - mum4107 replied
    
    21 Jan 2016 , 6:19 am
    
    Sure was. My baby was 2 months old at the time. But we got through it thankfully
- - mom94125 said
  - 16 Jan 2016
    1:16 pm
yes this is seemingly becoming a common thing as well. less jobs
- mom165081 replied
  
  24 Jan 2016 , 11:37 pm
  Its not the jobs aren’t there – its that the companies use the “redundancy restructure loophole”. They ditch a whole lot of people and then even before these people are out the door they are hiring cheap people to do the exact same work. Its a total farce and nothing more and nothing less. The Government created the loophole, and they need to fix it.
- - BellaB said
  - 15 Jan 2016
    9:48 pm
Companies will always find loopholes when they want to fire people.
- mom165081 replied
  
  16 Jan 2016 , 12:10 am
  Interesting comment – but I think you have missed the point here – it’s about salary resetting and making short term extra $ for shareholders. Safety, and even getting the work done to a high standard is second to cost cutting. It’s ruthless, disgraceful and disrespectful to allow companies to behave this way in Australia. The government needs to step up to sort this out.
  - mom93821 replied
    
    16 Jan 2016 , 4:01 pm
    
    Sadly making money for shareholders does seem to drive companies including banks. Sense of community seems to be low on the list of priorities as there is no financial profit!
  - mom165081 replied
    
    26 Jan 2016 , 1:20 am
    
    Funny that they still find millions to pay those at the top!
- - mom94125 said
  - 15 Jan 2016
    5:33 pm
yes i know of a guy losing his basic cleaning job because they were hiring a company to come in and that same job done in an hr vs 5 that he was doing.
- mom165081 replied
  
  26 Jan 2016 , 1:26 am
  That sounds pretty rough for him, and way too common too.