RAJ REPORT

4300 jobs to go in NSW IN ELECTRICITY COMPANIES due to AER ruling ——How many will go at ERGON ? —-HAustralia: NSW electricity workers face more job losses – World Socialist Web Site

Leave a comment


 

 

According to the Electrical Trade Union (ETU), Networks NSW head Vince Graham said that management was looking to shed up to 4,300 jobs across its operations. The job losses include 2,500 at Ausgrid and 700 at Endeavour. Graham also confirmed that 700 apprentices currently employed by the distribution companies would not be retained at end of their training.

Graham claimed that the jobs cuts were made necessary by draft decisions handed down by the Australian Energy Regulator (AER) in November last year. Established in 2005, the AER regulates energy markets and networks and sets prices, mainly in NSW, South Australia, Tasmania and the Australian Capital Territory.

The AER decision—determining what the NSW’s distribution network companies can charge customers to recoup network upgrade and maintenance costs—proposes retrospectively to reduce their revenue allowances by $6.5 billion or 27 percent over the five-year period to 2019.

 

 

Australia: NSW electricity workers face more job losses – World Socialist Web Site.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s