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Retrenched BlueScope workers 'ripped off' by Australian Government rescue fund

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Torpedo

unread,
May 21, 2013, 6:38:03 AM5/21/13
to
...If Australian politicians cannot guarantee jobs, they can always offer
blow-jobs with their big mouths.

http://www.abc.net.au/news/2013-05-21/retretched-bluescope-workers-hit-out-at-government-rescue-fund/4704496

Retrenched BlueScope workers 'ripped off' by Government rescue fund

7.30
By Michael Atkin

Steel workers are bitterly disappointed a Government rescue fund designed to
ease the blow of job losses in the industry has failed to create hundreds of
positions it promised to deliver.

The $30 million Illawarra Region Innovation and Investment Fund was set up
in late 2011 by the Gillard Government in the wake of mass redundancies at
BlueScope Steel's Port Kembla works, on the south coast of New South Wales.

The Government claimed it would generate 888 full time positions by
mid-2014, more than the 800 that were lost at BlueScope.

But the ABC's 7.30 program has discovered the fund will not get anywhere
near that goal.

Industry Minister Greg Combet now says it will create 200 fewer full-time
jobs.

"It is a bit short of what was anticipated at the time but [it is]
nonetheless a very important initiative for many people," he said.

Hardly any of the redundant BlueScope workers have benefitted from the new
jobs.

Of the 37 companies to win grants to employ locals, only two have employed
any former steelworkers.

Electrician Dave Tyrrell, 53, is scathing about the fund's inability to find
him a job.

"Like a used-car salesman, they've over-promised and under-delivered. I do
feel ripped off," he said.

Fellow former BlueScope worker Donny Windsor remains unemployed 18 months
following his redundancy and fears being forced into an early retirement.

He has applied unsuccessfully for more than 200 positions.

"Most of the time I hear nothing back. You're just classed as a greenhorn if
you've never been in a mine, so it's very hard," he said.

"One company I applied for said they had 3,000 applications a week.

"A lot of people say having BlueScope on the resume is holding us back."

Spiers Engineering is a small manufacturing business that received around
$400,000 to buy new machinery and employ six full-time staff.

It required them to take out a bank loan to meet the government's
dollar-for-dollar funding requirement.

But a change in business conditions has meant it can no longer afford to
create jobs.

"We had four new employees but with the downturn in industry generally we've
had to let two of those go," managing director Bob Spiers said.

"We retrenched two last year and with the market the way it is we haven't
seen any upturn which would enable us to re-employ people."

The experience of Spiers Engineering illustrates a critical flaw in the
Government fund, giving grants to small companies with unstable cash flows.

Dr Richard Denniss, an economist and executive director of the think tank
the Australia Institute, is a supporter of emergency assistance funds.

But he argues the one in the Illawarra has been badly mismanaged.

"We've got firms borrowing money just so they can get their hands on a
grant," he said.

"In the medium-term that's going to be very dangerous for the firm, for the
taxpayer and for the staff."

However, Mr Combet has defended the fund's regional impact.

"Is it worthwhile that 117 jobs at least so far have been created and 680
jobs committed to being created? I think it is," he said.

But Dr Martin O'Brien, the head of economics at Wollongong University,
disagrees.

He has begun a study to find what happened to BlueScope workers following
their redundancies, and believes the fund has failed.

"It's very disappointing because the whole point of the policy was to try
and soften the blow of a big thing that happened in the local region and
it's obvious that's not happening," he said.


--- news://freenews.netfront.net/ - complaints: ne...@netfront.net ---

Julia...@alp.org.au

unread,
May 21, 2013, 8:33:58 AM5/21/13
to
On Tue, 21 May 2013 20:38:03 +1000 Torpedo stated:-

>...If Australian politicians cannot guarantee jobs, they can always
>offer blow-jobs with their big mouths.
>
>http://www.abc.net.au/news/2013-05-21/retretched-bluescope-workers-hit-out-at-government-rescue-fund/4704496
>
>Retrenched BlueScope workers 'ripped off' by Government rescue fund

Thanks for posting this.

Just shows what turds and liars the ALP is.

HD

unread,
May 22, 2013, 3:18:38 AM5/22/13
to

<Julia...@ALP.org.au> wrote in message
news:b017vr...@mid.individual.net...
It shows that supporting industry does not create jobs.
The Europeans have learned that the hard way.
But you and the Liberals will never learn.




Julia...@alp.org.au

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May 23, 2013, 1:55:54 AM5/23/13
to
On Wed, 22 May 2013 17:18:38 +1000 HD stated:-
Yep, look at Ford.

Cost twice as much to produce a car in Australia than it does in
Germany, thanks to the unions in Australia.

HD

unread,
May 23, 2013, 2:51:54 AM5/23/13
to

<Julia...@ALP.org.au> wrote in message
news:b05pim...@mid.individual.net...
Face reality.
Ford made a $billion loss in Europe last year.






bringyagrogalong

unread,
May 23, 2013, 7:11:54 AM5/23/13
to
Tranny <poof...@do.women.recycle their.tampons> prattled:
> Torpedo stated:-
>
> >...If Australian politicians cannot guarantee jobs, they can always
> > offer blow-jobs with their big mouths.
>
> > http://www.abc.net.au/news/2013-05-21/retretched-bluescope-workers-hi...
>
> > Retrenched BlueScope workers 'ripped off' by Government rescue fund
>
> Thanks for posting this.
>
> Just shows what turds  and liars the ALP is.

Torpedo and Tranny are lovers.

Sick SOBs

Julia...@alp.org.au

unread,
May 23, 2013, 7:24:26 AM5/23/13
to
On Thu, 23 May 2013 16:51:54 +1000 HD stated:-

>
><Julia...@ALP.org.au> wrote in message
>news:b05pim...@mid.individual.net...
>> On Wed, 22 May 2013 17:18:38 +1000 HD stated:-
>>
>>>
>>><Julia...@ALP.org.au> wrote in message
>>>news:b017vr...@mid.individual.net...
>>>> On Tue, 21 May 2013 20:38:03 +1000 Torpedo stated:-
>>>>
>>>>>...If Australian politicians cannot guarantee jobs, they can always
>>>>>offer blow-jobs with their big mouths.
>>>>>
>>>>>http://www.abc.net.au/news/2013-05-21/retretched-bluescope-workers-hit-out-at-government-rescue-fund/4704496
>>>>>
>>>>>Retrenched BlueScope workers 'ripped off' by Government rescue fund
>>>>
>>>> Thanks for posting this.
>>>>
>>>> Just shows what turds and liars the ALP is.
>>>>
>>>
>>>It shows that supporting industry does not create jobs.
>>>The Europeans have learned that the hard way.
>>>But you and the Liberals will never learn.
>>>
>>>
>>>
>>>
>> Yep, look at Ford.
>>
>> Cost twice as much to produce a car in Australia than it does in
>> Germany, thanks to the unions in Australia.
>
>Face reality.
>Ford made a $billion loss in Europe last year.

Cite?
>
>
Where was I talking about a loss?

I was talking about cost of production.

Julia...@alp.org.au

unread,
May 23, 2013, 7:25:34 AM5/23/13
to
On Thu, 23 May 2013 04:11:54 -0700 (PDT) bringnobrainalong, closet
homosexual, pedophile, Emetophiliac, Russian "kozel", "nekulturny" and
"pidar", token uncultured wog and resident buffoon, Liar, Hitler
admirer and Nazi, Russian draft evader and craven coward
<pres...@manloveboy.org> dribbled garbage as usual:
Time for you to come out of the closet, you filthy fag.

--

"Labor will lose Senators in every state and the Coalition or a
right-of-centre cross bench will control the Senate after the September
14 elections, a Nielsen poll of the lower house seats indicates.

Labor could be left with 27 Senators, picking up just 14 seats at the
Senate election, according to an analysis of the poll by the Australian
Financial Review.

The average of the House of Representatives primary vote in Nielsen
survey shows swings away from Labor compared to the 2010 election in
every state.

In South Australia the swing is 11.9% with a 5% margin of error. The
next biggest swing was in NSW with 7%, according to the analysis.

"Labor will be demolished in both houses" said Nick Economou, a senior
lecturer in the School of Political and Social Inquiry at Monash
University.

The Coalition looks set to pick up 21 Senate seats, taking its total to
37, two shy of a Senate majority.

"The most likely scenario is a right- leaning cross bench; the second
most likely scenario is a Coalition gaining control" Dr. Economou said.

(snip)

This could leave Labor's Senate representation from July at 22 or 23,
with the Coalition with as many as 39, 12 Greens and three
cross-benches - a new Katter Australia Party plus South Australia
independent Nick Xenephon and Democratic Labor Party Senator John
Madigan."

ROFLMAO!

(Australian Financial Review - 21 May 2013, pp5)


HD

unread,
May 23, 2013, 9:14:26 AM5/23/13
to

<Julia...@ALP.org.au> wrote in message
news:b06d9j...@mid.individual.net...
If the cost of production is only half in Europe, why did they make a
$billion loss in Europe.


Julia...@alp.org.au

unread,
May 23, 2013, 2:50:40 PM5/23/13
to
On Thu, 23 May 2013 23:14:26 +1000 HD stated:-
Maybe lack of sales to cover the costs?

No wonder you failed in business!
>
>

HD

unread,
May 23, 2013, 7:24:04 PM5/23/13
to

<Julia...@ALP.org.au> wrote in message
news:b076pi...@mid.individual.net...
Shit you are slow.
Of course it was the lack of sales.
Unemployed and low paid people can't buy anything.
You better tell Campbell Newman and Abbott.

>
> No wonder you failed in business!

Who gave you that idea?










Julia...@alp.org.au

unread,
May 23, 2013, 8:03:41 PM5/23/13
to
On Fri, 24 May 2013 09:24:04 +1000 HD stated:-
So the car plant workers, which you constantly praise with your bull
shit about profit sharing, are low paid? You can't have it both ways,
moron.
>
>>
>> No wonder you failed in business!
>
>Who gave you that idea?

You did.
>
>
>
>
>
>
>
>
>
>

HD

unread,
May 23, 2013, 10:42:27 PM5/23/13
to

<Julia...@ALP.org.au> wrote in message
news:b07p61...@mid.individual.net...
Do you ever think before posting?
The car worker are not the unemployed who can't afford to buy a car.


>>
>>>
>>> No wonder you failed in business!
>>
>>Who gave you that idea?
>
> You did.


Pigs arse.
I got out of it it before it got busted by online competition and brought a
block of flats with the money.
Selling a business is not failing at a business. Selling it at the right
time is smart.



Julia...@alp.org.au

unread,
May 24, 2013, 12:02:35 AM5/24/13
to
On Fri, 24 May 2013 12:42:27 +1000 HD stated:-

>>>> No wonder you failed in business!
>>>
>>>Who gave you that idea?
>>
>> You did.
>
>
>Pigs arse.
>I got out of it it before it got busted by online competition and
>brought a block of flats with the money.

Only ~one~ block of flats?

I would consider that a failure, sorry.

>Selling a business is not failing at a business. Selling it at the
>right time is smart.

So you admit to ripping off the buyer. Thanks for making that quite
clear.

HD

unread,
May 24, 2013, 3:04:48 AM5/24/13
to

<Julia...@ALP.org.au> wrote in message
news:b087ab...@mid.individual.net...
> On Fri, 24 May 2013 12:42:27 +1000 HD stated:-
>
>>>>> No wonder you failed in business!
>>>>
>>>>Who gave you that idea?
>>>
>>> You did.
>>
>>
>>Pigs arse.
>>I got out of it it before it got busted by online competition and
>>brought a block of flats with the money.
>
> Only ~one~ block of flats?
>
> I would consider that a failure, sorry.

Better investment than your dole.


>
>>Selling a business is not failing at a business. Selling it at the
>>right time is smart.
>
> So you admit to ripping off the buyer. Thanks for making that quite
> clear.
>

He didn't have to buy it.
You only rip off someone if you are dishonest.






Julia...@alp.org.au

unread,
May 24, 2013, 7:41:52 AM5/24/13
to
On Fri, 24 May 2013 17:04:48 +1000 HD stated:-

>
><Julia...@ALP.org.au> wrote in message
>news:b087ab...@mid.individual.net...
>> On Fri, 24 May 2013 12:42:27 +1000 HD stated:-
>>
>>>>>> No wonder you failed in business!
>>>>>
>>>>>Who gave you that idea?
>>>>
>>>> You did.
>>>
>>>
>>>Pigs arse.
>>>I got out of it it before it got busted by online competition and
>>>brought a block of flats with the money.
>>
>> Only ~one~ block of flats?
>>
>> I would consider that a failure, sorry.
>
>Better investment than your dole.

Not on the dole, you socialist loser.

Retired with an annual income probably more than you have ever earned
in your life.

Flats are a shitty investment -low returns; always issues with building
or tenants.

HD

unread,
May 24, 2013, 8:47:39 AM5/24/13
to

<Julia...@ALP.org.au> wrote in message
news:b0926r...@mid.individual.net...
> On Fri, 24 May 2013 17:04:48 +1000 HD stated:-
>
>>
>><Julia...@ALP.org.au> wrote in message
>>news:b087ab...@mid.individual.net...
>>> On Fri, 24 May 2013 12:42:27 +1000 HD stated:-
>>>
>>>>>>> No wonder you failed in business!
>>>>>>
>>>>>>Who gave you that idea?
>>>>>
>>>>> You did.
>>>>
>>>>
>>>>Pigs arse.
>>>>I got out of it it before it got busted by online competition and
>>>>brought a block of flats with the money.
>>>
>>> Only ~one~ block of flats?
>>>
>>> I would consider that a failure, sorry.
>>
>>Better investment than your dole.
>
> Not on the dole, you socialist loser.

Inherited your mothers little house in Surry Hills?

>
> Retired with an annual income probably more than you have ever earned
> in your life.

Bullshit.

>
> Flats are a shitty investment -low returns; always issues with building
> or tenants.

Blue Ribbon investment.
You are too young to know about great recessions.

Julia...@alp.org.au

unread,
May 24, 2013, 3:08:03 PM5/24/13
to
On Fri, 24 May 2013 22:47:39 +1000 HD stated:-

>
><Julia...@ALP.org.au> wrote in message
>news:b0926r...@mid.individual.net...
>> On Fri, 24 May 2013 17:04:48 +1000 HD stated:-
>>
>>>
>>><Julia...@ALP.org.au> wrote in message
>>>news:b087ab...@mid.individual.net...
>>>> On Fri, 24 May 2013 12:42:27 +1000 HD stated:-
>>>>
>>>>>>>> No wonder you failed in business!
>>>>>>>
>>>>>>>Who gave you that idea?
>>>>>>
>>>>>> You did.
>>>>>
>>>>>
>>>>>Pigs arse.
>>>>>I got out of it it before it got busted by online competition and
>>>>>brought a block of flats with the money.
>>>>
>>>> Only ~one~ block of flats?
>>>>
>>>> I would consider that a failure, sorry.
>>>
>>>Better investment than your dole.
>>
>> Not on the dole, you socialist loser.
>
>Inherited your mothers little house in Surry Hills?

So much for what ou know,or will ever know, being a chip on bth
shoulders socialist!

<sneer>
>
>>
>> Retired with an annual income probably more than you have ever earned
>> in your life.
>
>Bullshit.
>

As you wish, loser!

<snigger>
>>
>> Flats are a shitty investment -low returns; always issues with
>> building or tenants.
>
>Blue Ribbon investment.
>You are too young to know about great recessions.

Blue Ribbon arseholes. I have owned lots of flats; get much better
returns elsewhere; even from cash!

What makes you think (I know that is hard for you!) that flats are blue
ribbon. Come a recession nothing is.

Moron.

HD

unread,
May 24, 2013, 7:59:38 PM5/24/13
to

<Julia...@ALP.org.au> wrote in message
news:b09s4o...@mid.individual.net...
Like I said: "You are too young to understand"
In a recession and especially a depression, money and shares are worthless.


Julia...@alp.org.au

unread,
May 24, 2013, 8:08:50 PM5/24/13
to
On Sat, 25 May 2013 09:59:38 +1000 HD stated:-
And property.

So you are old enough to remember the last depression?
>
>

HD

unread,
May 25, 2013, 12:22:10 AM5/25/13
to

<Julia...@ALP.org.au> wrote in message
news:b0adoj...@mid.individual.net...
No, shelter and food is the only thing of value.
You can get food for shelter and you can get shelter for food.
You get nothing for worthless shares or for worthless money.
Property is the only thing that survives a depression.


>
> So you are old enough to remember the last depression?

I remember staying in line at 4-00am on a freezing winter morning hoping to
get a loaf of bread when the bakery opened at 9-00am and had enough flour
to bake a couple of dozen loafs.



Julia...@alp.org.au

unread,
May 25, 2013, 12:35:44 AM5/25/13
to
On Sat, 25 May 2013 14:22:10 +1000 HD stated:-
So how do people pay rent if they do not have a job?
>
>
>>
>> So you are old enough to remember the last depression?
>
>I remember staying in line at 4-00am on a freezing winter morning
>hoping to get a loaf of bread when the bakery opened at 9-00am and
>had enough flour to bake a couple of dozen loafs.

How old are you?
>
>
>

HD

unread,
May 25, 2013, 2:27:39 AM5/25/13
to

<Julia...@ALP.org.au> wrote in message
news:b0atir...@mid.individual.net...
# # Doesn't matter. The property survives.

>>
>>
>>>
>>> So you are old enough to remember the last depression?
>>
>>I remember staying in line at 4-00am on a freezing winter morning
>>hoping to get a loaf of bread when the bakery opened at 9-00am and
>>had enough flour to bake a couple of dozen loafs.
>
> How old are you?


## Getting towards 80.
Seen a lot more than you have.
By the way, another thing I remember from that time is when the local pastor
with a bunch of helpers went every night to the railway yard, broke into the
US army supply wagons and stole all the food they could get. In the morning
the Nuns cooked it and then distributed it to the sick and mothers with
babies.






Julia...@alp.org.au

unread,
May 25, 2013, 5:41:00 PM5/25/13
to
On Sat, 25 May 2013 16:27:39 +1000 HD stated:-
Not without enough income to keep up the maintenance, it doesn't.
>
>>>
>>>
>>>>
>>>> So you are old enough to remember the last depression?
>>>
>>>I remember staying in line at 4-00am on a freezing winter morning
>>>hoping to get a loaf of bread when the bakery opened at 9-00am and
>>>had enough flour to bake a couple of dozen loafs.
>>
>> How old are you?
>
>
>## Getting towards 80.

So you lied when you implied that you remembered the last depression
which was in1930?

Same as you lied about the farmer in Lockyer Valley who wasn't being
paid by Coles?

Same as you lied about "nobody flies Qantas any more"?

>Seen a lot more than you have.

Doubt that very much.

>By the way, another thing I remember from that time is when the local
>pastor with a bunch of helpers went every night to the railway yard,
>broke into the US army supply wagons and stole all the food they could
>get. In the morning the Nuns cooked it and then distributed it to the
>sick and mothers with babies.

????
>
>
>
>
>
>

HD

unread,
May 25, 2013, 7:44:15 PM5/25/13
to

<Julia...@ALP.org.au> wrote in message
news:b0cpo9...@mid.individual.net...
Yes it does.
We did have two apartment houses in Germany that survived the war and the
depression.

>>
>>>>
>>>>
>>>>>
>>>>> So you are old enough to remember the last depression?
>>>>
>>>>I remember staying in line at 4-00am on a freezing winter morning
>>>>hoping to get a loaf of bread when the bakery opened at 9-00am and
>>>>had enough flour to bake a couple of dozen loafs.
>>>
>>> How old are you?
>>
>>
>>## Getting towards 80.
>
> So you lied when you implied that you remembered the last depression
> which was in1930?

There was a depression after the war.

>
> Same as you lied about the farmer in Lockyer Valley who wasn't being
> paid by Coles?
>
> Same as you lied about "nobody flies Qantas any more"?
>
>>Seen a lot more than you have.
>
> Doubt that very much.

## So you are older than me, have experienced wars and depressions, Have
experienced a thousand planes each night dropping bombs on your city, Have
seen children being killed because they were the wrong race, Have been
living in different countries, Have seen children die because they had no
money for the hospital in right wing capitalist countries, Have done your
rounds on the streets at night, feeding the homeless.
Judging from your posts you are ignorant, uneducated and bigoted, Never
looking beyond the facade of an issue

>
>>By the way, another thing I remember from that time is when the local
>>pastor with a bunch of helpers went every night to the railway yard,
>>broke into the US army supply wagons and stole all the food they could
>>get. In the morning the Nuns cooked it and then distributed it to the
>>sick and mothers with babies.
>
> ????

## A different picture from your feminine dress wearing pedophile.





Julia...@alp.org.au

unread,
May 26, 2013, 7:18:12 AM5/26/13
to
On Sun, 26 May 2013 09:44:15 +1000 HD stated:-

>So you are older than me, have experienced wars and depressions,

Next thing you will be saying is that Jews were your best friends in
Germany, and when Hitler took them away you thought that they were
going on holidays!

HD

unread,
May 26, 2013, 8:30:25 AM5/26/13
to

<Julia...@ALP.org.au> wrote in message
news:b0e9tt...@mid.individual.net...
Not at all.
My late father was in prison for refusing to join the Nazi party.
I learned from an early age what Hitler was all about.
And I learned to think for myself and not to listen to popular propaganda.



ALP = Arrogrant Liars & Pretenders

unread,
May 26, 2013, 7:54:10 PM5/26/13
to
On 21/05/2013 8:38 PM, Torpedo wrote:
> The $30 million Illawarra Region Innovation and Investment Fund was set
> up in late 2011 by the Gillard Government in the wake of mass
> redundancies at BlueScope Steel's Port Kembla works, on the south coast
> of New South Wales.

The same Gillard government is importing 185,000 workers per annum to
increase faux growth.


>
> The Government claimed it would generate 888 full time positions by
> mid-2014, more than the 800 that were lost at BlueScope.

Sign up your local ALP member:
http://www.888.com/



--
Cleanup Australia Day - 15 September

ALP = Arrogrant Liars & Pretenders

unread,
May 26, 2013, 7:56:08 PM5/26/13
to
On 26/05/2013 10:30 PM, HD wrote:
>
> <Julia...@ALP.org.au> wrote in message
> news:b0e9tt...@mid.individual.net...
>> On Sun, 26 May 2013 09:44:15 +1000 HD stated:-
>>
>>> So you are older than me, have experienced wars and depressions,
>>
>> Next thing you will be saying is that Jews were your best friends in
>> Germany, and when Hitler took them away you thought that they were
>> going on holidays!
>
> Not at all.

ALP signup page:
http://www.888.com/


> My late father was in prison for refusing to join the Nazi party.
> I learned from an early age what Hitler was all about.
> And I learned to think for myself and not to listen to popular propaganda.
>
>
>


HD

unread,
May 27, 2013, 1:19:49 AM5/27/13
to

"Torpedo" <gu...@unknown.com> wrote in message
news:knfiha$2pm8$1...@adenine.netfront.net...
> ...If Australian politicians cannot guarantee jobs, they can always offer
> blow-jobs with their big mouths.
>
> http://www.abc.net.au/news/2013-05-21/retretched-bluescope-workers-hit-out-at-government-rescue-fund/4704496
>
> Retrenched BlueScope workers 'ripped off' by Government rescue fund
>
> 7.30
> By Michael Atkin
>
> Steel workers are bitterly disappointed a Government rescue fund designed
> to ease the blow of job losses in the industry has failed to create
> hundreds of positions it promised to deliver.
>
> The $30 million Illawarra Region Innovation and Investment Fund was set up
> in late 2011 by the Gillard Government in the wake of mass redundancies at
> BlueScope Steel's Port Kembla works, on the south coast of New South
> Wales.
>
> The Government claimed it would generate 888 full time positions by
> mid-2014, more than the 800 that were lost at BlueScope.
>
> But the ABC's 7.30 program has discovered the fund will not get anywhere
> near that goal.
>
> Industry Minister Greg Combet now says it will create 200 fewer full-time
> jobs.
>
> "It is a bit short of what was anticipated at the time but [it is]
> nonetheless a very important initiative for many people," he said.
>
> Hardly any of the redundant BlueScope workers have benefitted from the new
> jobs.
>
> Of the 37 companies to win grants to employ locals, only two have employed
> any former steelworkers.
>
> Electrician Dave Tyrrell, 53, is scathing about the fund's inability to
> find him a job.
>
> "Like a used-car salesman, they've over-promised and under-delivered. I do
> feel ripped off," he said.
>
> Fellow former BlueScope worker Donny Windsor remains unemployed 18 months
> following his redundancy and fears being forced into an early retirement.
>
> He has applied unsuccessfully for more than 200 positions.
>
> "Most of the time I hear nothing back. You're just classed as a greenhorn
> if you've never been in a mine, so it's very hard," he said.
>
> "One company I applied for said they had 3,000 applications a week.
>
> "A lot of people say having BlueScope on the resume is holding us back."
>
> Spiers Engineering is a small manufacturing business that received around
> $400,000 to buy new machinery and employ six full-time staff.
>
> It required them to take out a bank loan to meet the government's
> dollar-for-dollar funding requirement.
>
> But a change in business conditions has meant it can no longer afford to
> create jobs.
>
> "We had four new employees but with the downturn in industry generally
> we've had to let two of those go," managing director Bob Spiers said.
>
> "We retrenched two last year and with the market the way it is we haven't
> seen any upturn which would enable us to re-employ people."
>
> The experience of Spiers Engineering illustrates a critical flaw in the
> Government fund, giving grants to small companies with unstable cash
> flows.
>
> Dr Richard Denniss, an economist and executive director of the think tank
> the Australia Institute, is a supporter of emergency assistance funds.
>
> But he argues the one in the Illawarra has been badly mismanaged.
>
> "We've got firms borrowing money just so they can get their hands on a
> grant," he said.
>
> "In the medium-term that's going to be very dangerous for the firm, for
> the taxpayer and for the staff."
>
> However, Mr Combet has defended the fund's regional impact.
>
> "Is it worthwhile that 117 jobs at least so far have been created and 680
> jobs committed to being created? I think it is," he said.
>
> But Dr Martin O'Brien, the head of economics at Wollongong University,
> disagrees.
>
> He has begun a study to find what happened to BlueScope workers following
> their redundancies, and believes the fund has failed.
>
> "It's very disappointing because the whole point of the policy was to try
> and soften the blow of a big thing that happened in the local region and
> it's obvious that's not happening," he said.


Thanks for posting that.
It shows once again that supporting employers with either cash or lower
input costs
like cutting the carbon tax does not create jobs. The Americans and
Europeans have learned that the hard way
Unfortunately, the Liberals will never learn.



Julia...@alp.org.au

unread,
May 27, 2013, 1:24:53 AM5/27/13
to
On Mon, 27 May 2013 15:19:49 +1000 HD stated:-
But didn't the lying Labor acolytes create that scheme?

HD

unread,
May 27, 2013, 2:39:36 AM5/27/13
to

<Julia...@ALP.org.au> wrote in message
news:b0g990...@mid.individual.net...
After creating jobs with the stimulus package which worked, they
tried supporting companies and it didn't work.
Labor made a mistake.





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