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

UP 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


Stay Connected

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

Students pitch in for derby

Jambin State School students with chappy Nigel Krueger and the car they painted up for the Crash-A-Rama at the show tomorrow.

Crash-A-Rama action on Saturday

Christina in state squad

Christine McClure in her favourite position as Goal Shooter.

Shooting goals through Netball

Local Partners

Biloela CBD drainage upgrade in the works

Upgrade to alleviate Biloela CBD storm water flooding

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

What public holidays are left in 2017

Ipswich residents will get the day off tomorrow for the show.

IPSWICH residents will get tomorrow off for the show

Caitlyn comes home to launch debut album

Gympie's Caitlyn Shadbolt will launch here debut album Songs On My Sleeve at an exclusive all-ages concert in Gympie on Friday, May 26.

Win tickets to Caitlyn's album launch

Police confirm dead after explosions at Ariana Grande concert

An explosion has been reported at Manchester near an Ariana Grande concert.

Seven Year Switch: The boner to end all boners

Johnny’s outraged over claims he has a cracked boner.

She gulps. Her face says it all.

Bay to star in Hollywood shark thriller ‘Cage Dive’

Cage Dive, written and directed by Gerald Rascionato, is now screening in the United States of America. It had scenes filmed in Hervey Bay.

And our visiting humpback whales also make appearance.

Celebrity sex tapes: Where does all that money go?

Basically, did Paris and Kim earn fortunes from their videos?

Cher, 71, and Celine Dion wow world at Billboard Awards

“I’m 71 yesterday and I can do a five-minute plank, OK.”

Judah's return to The Voice stage is a knockout

Judah Kelly performs during his knockout round on The Voice.

QUEENSLAND singer nails Adele hit.

Wentworth star Daniielle Alexis: "I was born a boy"

Wentworth star Daniielle Alexis has revealed she was born a boy

One of Maryborough's most historic homes is still for sale

FULL OF HISTORY: Trisha Moulds is owner of the historic Tinana state known as Rosehill. The beautiful home is currently for sale.

It has been the scene of both joy and tragedies over the years.

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Deputy Premier makes massive call on controversial sand mine

Aerial view of the proposed Forest Glen sand mine.

BREAKING: State Government makes huge call on Coast sand mine plans

Ready to SELL your property?

Post Your Ad Here!