Telstra denies job cuts

Telstra denies job cuts :

"A research note from investment bank Credit Suisse First Boston (CSFB) forecast that Telstra could save $1 billion by cutting 8,000 jobs from its 46,000-strong staff by moving to a next-generation network (NGN)."

So far it's being denied, but add 8,000, give or take, to the other thousands of jobs we have recently lost and it'd be good to know where all these jobs are going. If those remaining are expected to be more "productive" then I'd ask whether you would run your car like that , and if you did, wouldn't you expect problems? This constant obsession with profit is about bosses and shareholders, not the emplyees. It's about business and not people. There is only so much productivity you can have and so many successful companies have fallen flat on their faces because they have pushed and pushed this productivity line to increase profit and then they have sacrificed the employees, name and long term stability of the company. Who cares if the company blows apart if a few people have made a handsome profit in the short term? We have to start thinking about people and not profit. An economy is about goods and services. It's not always about productivity because there is nothing wrong with reaching a plateau and keeping everyone happy and then waiting for the next upturn, or just going steadily along. This cut this, cut that, diminish this ...the deprivation model has been around long enough for us to see the rise and fall and the damage done to the many workers..and loyal customers. Easy come, easy go.