Monday, August 24, 2009
Telecom injustice
Telecom boss Paul Reynolds is getting paid $5 million salary, after Telecom profit dropped 43.9%, while Telecom workers - the people who actually work for their living for Telecom - are facing a terrible choice between lay-offs with no redundancy pay or buying their own jobs to work for up to 50% less pay.
The company's other top six executives pulled in another $11m between them. Labour Party president Andrew Little, in his role as EPMU spokesperson, said while hundreds of frontline Telecom workers were having their livelihoods and work rights stripped from them, Telecom was being driven by shameless greed and a disregard for the network they were entrusted with.
