- No market movement of salary recognised except in ‘exceptional circumstances’.
- 135 jobs to disappear, no answer on who will do the work that remains.
- Retrenchments effective mid-December, that’s some Christmas present!
One simple question to ask this week
If you are affected by the restructure you have this week to tell NAB what you think about the changes. FSU encourages all members to ask one simple question
Tell NAB what you think, by emailing: Business.Banking.Organisational.Change@nab.com.au
If you are affected by this restructure and need advice about your rights or any kind of industrial assistance please contact the FSU Member Rights Centre on 1300 366 378.
Most cable companies outsource a number of jobs to small companies. These jobs include cable sales, cable installation, directional drilling and boring functions and placing underground drops among others. This can be great for the subcontractors that get these contracts because most cable companies are very good and reliable customers. The challenge is that they usually pay their invoices in 30 to 60 days. This places a burden on subcontractors because they need to carry their expenses for a month or two before being paid for the job.
When it comes to small businesses in our communities, America seems to be dealing with a “Catch 22.” Researchers have found that small retailers account for 11 percent less of total retail sales than they did 20 years ago (57% in 1990; 46% in 2009), and independent bars and restaurants lost seven percent of total sales (71% in 1990; 64% in 2009). On the flip side, American Express OPEN Independent Retail Index, conducted by Civic Economics, has just released data about the importance of small businesses on a national, city, and even neighborhood level. According to the study, thriving small businesses in local communities lift real estate values. They found that over a 14-year period, neighborhoods with thriving independent businesses saw home values outperform markets by 50 percent. The report looked at 27 neighborhoods (in 15 major U.S. cit