Business

Assett sales set to cost hundreds of regional jobs

HUNDREDS of regional jobs will be lost if the Queensland Government sells off its electricity and port assets, according to experts and unions.

In its immediate response to the final report from the Commission of Audit, chaired by former Federal Treasurer Peter Costello, Queensland Treasurer Tim Nicholls said the sale of the Port of Gladstone and electricity assets would help unlock funds needed elsewhere.

This would almost certainly include shutting down up to 30 regional depots run by Ergon and Energex, each employing between nine and 15 workers for a total loss of at least 270 workers.

The report found it would also set Queensland on course for a stronger credit rating.

But with most of the infrastructure itself existing beyond metropolitan areas, it would be regional workers who would face the knives of the private sector.

University of Queensland economics professor John Quiggin said that in return for job losses, voters could also expect power prices to increase.

He said job losses were almost guaranteed when the market took hold of government-owned corporations.

"That's normally the main way in which private owners try to increase the profitability of the assets," he said.

"It's a pretty predictable consequence."

Prof Quiggin also suggested any claim by the state that this report was independent was nonsense.

He said it was a "routine step" for both LNP and Labor governments to have a Commission of Audit and each "absolutely" knew the outcome before the process began.

Electrical Trades Union state organiser Trevor Gauld said the government's own Independent Review Panel suggested replacing Ergon and Energex depots with fewer than 15 workers with a single contractor.

"Regional areas are going to suffer the most here," he said.

"The politicians just don't care."

THE LITTLE GUY

SUP to 30 regional Energex and Ergon depots each with between nine and 15 workers throughout Queensland would almost certainly be shut down if the companies were privatised, according to the ETU.

They include:

  • Proserpine 
  • Sarina 
  • Moranbah 
  • Clermont 
  • Emerald 
  • Middlemount 
  • Barcaldine 
  • Springsure 
  • Blackall 
  • Blackwater 
  • Biloela 
  • Winton 
  • Moura 
  • Monto 
  • Theodore 
  • Childers
  • Gin Gin 
  • Gayndah 
  • Kilkivan 
  • Murgon 
  • Kingaroy
  • Wandoan
  • Tara
  • Gympie
  • Cooroy

Topics:  assett sales, jobs, lnp


Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Police say assets best kept unfrozen

Expert reveals which items thieves are most likely to take.

Recovery funds kickstart Men's Shed projects

Rick Piddick works on a gas canister wombat at the Callide Valley Men's Shed. Photo Andrew Thorpe / Central Telegraph

Workshop still hoping for permanent headquarters.

Domestic violence support services to continue in Biloela

From left: Gladstone Women's Health Centre manager Tash Fee, Banana Shire Support Centre housing officer Betty Brennan and Support Centre manager Mark Warnick. Photo Andrew Thorpe / Central Telegraph

Partnership sees Support Centre retain counselling, court support.

Latest deals and offers

Mung bean prices staying high despite record yield

Producers are flocking to the summer pulse across the Callide Dawson region – and increasing demand means that trend is set to continue.

Police say assets best kept unfrozen

Expert reveals which items thieves are most likely to take.

Recovery funds kickstart Men's Shed projects

Rick Piddick works on a gas canister wombat at the Callide Valley Men's Shed. Photo Andrew Thorpe / Central Telegraph

Workshop still hoping for permanent headquarters.

Domestic violence support services to continue in Biloela

From left: Gladstone Women's Health Centre manager Tash Fee, Banana Shire Support Centre housing officer Betty Brennan and Support Centre manager Mark Warnick. Photo Andrew Thorpe / Central Telegraph

Partnership sees Support Centre retain counselling, court support.

Tyler Seagrott scores four silver medals at Qld championship

Biloela local Tyler Seagrott took home four silver medals at the state swimming championships last month. Photo Andrew Thorpe / Central Telegraph

Biloela swimmer records five personal bests at Brisbane meet.

Top goat a champ at show business

BEARDED FRIENDS: Monto had representatives in the goat show, with the Staines family including Karen and Hannah bringing forward some of their best animals. Photo Anastassia Perets / Central and North Burnett Times

Monto goat breeders put the town on the map.

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances