Australian Politics Forum - CEOs Go After Penalty Rates

whiteknight

Gold Member

Offline

Australian Politics

Posts: 8387
melbourne
Gender: male

CEOs Go After Penalty Rates
Feb 9^th, 2025 at 3:53pm

CEOs go after penalty rates Sad

February 7, 2025 ACTU.
Big business claims penalty rates and workplace rights in the era of Trump need to go.

Big business CEOs and their lawyers, none of whom would be paid less than $1 million a year are pushing for penalty rates and the right to disconnect to be abolished because “standard hours are less relevant than they used to be” and they now seem “out of kilter” with the direction of US President, Donald Trump.

The Business Council of Australia is also pressing for a Trump-style Cabinet Minister for Deregulation here in Australia to make government systems more “efficient.”

Tech billionaire, Elon Musk holds the position in the US and the Australian business lobby and individual CEOs want Australia to follow what they call the global de-regulation trend coming out of the US.

The National Australia Bank chairman claims that it’s regulatory red tape that slows down things and “complicates life”, while another leading corporate executive has declared workers’ penalty rates are “less relevant than they used to be.”

Both penalty rates for weekends and the right to disconnect have been branded “out of kilter” with the way the world is moving, business leaders claimed following meetings in Canberra.

Quotes attributable to ACTU Secretary, Sally McManus:

“The people who are proposing that workers get their take home pay cut and work longer for no pay are the ones who are “out of kilter” with reality.

“These same people would not get out of bed for less than for less than $500 an hour. No wonder important elements of ordinary people’s take-home pay like penalty rates mean nothing to them.

“Australians need to brace for some of our richest people to be emboldened by Donald Trump and Peter Dutton’s willingness to emulate him.

“Big business CEOs are now also demanding their own Elon Musk style ‘Deregulation Minister’ who could be advised by someone like ex Qantas boss Alan Joyce on how to slash jobs and cut services.

“It is extremely concerning that Australian CEOs are now getting their policies from Mar-a-Lago in the US where Governments are run for the billionaires, by the billionaires.”

Back to top

IP Logged

Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85634 Always was always will be HOME Gender:	Re: CEOs Go After Penalty Rates Reply #1 - Feb 9^th, 2025 at 6:04pm Typical - but I think we'll find that they are deliberately mis-reading Trump.
Back to top	“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.” ― John Adams IP Logged

Gnads

Gold Member

Offline

Australian Politics

Posts: 30182
Gender: male

Re: CEOs Go After Penalty Rates
Reply #2 - Feb 9^th, 2025 at 6:43pm

whiteknight wrote on Feb 9^th, 2025 at 3:53pm:

CEOs go after penalty rates Sad

February 7, 2025 ACTU.
Big business claims penalty rates and workplace rights in the era of Trump need to go.

Big business CEOs and their lawyers, none of whom would be paid less than $1 million a year are pushing for penalty rates and the right to disconnect to be abolished because “standard hours are less relevant than they used to be” and they now seem “out of kilter” with the direction of US President, Donald Trump.

The Business Council of Australia is also pressing for a Trump-style Cabinet Minister for Deregulation here in Australia to make government systems more “efficient.”

Tech billionaire, Elon Musk holds the position in the US and the Australian business lobby and individual CEOs want Australia to follow what they call the global de-regulation trend coming out of the US.

The National Australia Bank chairman claims that it’s regulatory red tape that slows down things and “complicates life”, while another leading corporate executive has declared workers’ penalty rates are “less relevant than they used to be.”

Both penalty rates for weekends and the right to disconnect have been branded “out of kilter” with the way the world is moving, business leaders claimed following meetings in Canberra.

Quotes attributable to ACTU Secretary, Sally McManus:

“The people who are proposing that workers get their take home pay cut and work longer for no pay are the ones who are “out of kilter” with reality.

“These same people would not get out of bed for less than for less than $500 an hour. No wonder important elements of ordinary people’s take-home pay like penalty rates mean nothing to them.

“Australians need to brace for some of our richest people to be emboldened by Donald Trump and Peter Dutton’s willingness to emulate him.

“Big business CEOs are now also demanding their own Elon Musk style ‘Deregulation Minister’ who could be advised by someone like ex Qantas boss Alan Joyce on how to slash jobs and cut services.

“It is extremely concerning that Australian CEOs are now getting their policies from Mar-a-Lago in the US where Governments are run for the billionaires, by the billionaires.”

CEOs and managerial staff on salaries do not get penalty rates.

What the hell is wrong with these greedy phuks?

Most of them are ridiculously over paid any way.

Back to top

"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais

IP Logged