Not nice at all to lose ones job. Job losses, hopefully minimal, will be the defining factor to alot of this talk on recession etc. It will be the undoing of the property market here in Australia. Our higher interest rates compared to other countries is our biggest advantage.
The unemployment rate is currently 4.3%
- A well-placed source who is aware of ANZ's plans said it would axe 3000-3500 staff and contractors — 10% of its workforce.
- Qantas said it would slash up to 1500 jobs and Ford has said it would cut 800 jobs.