Bearish start to IR reform talks

Original article by David Marin-Guzman
The Australian Financial Review – Page: 6 : 4-Jun-20

Industrial Relations Minister Christian Porter held the first meeting with representatives of the union movement and employers’ groups on 3 June, as part of a collaborative approach to workplace reforms. He said that both groups appreciate the need for change. Business Council of Australia CEO Jennifer Westacott said employers and unions must be prepared to make compromises, while ACTU secretary Sally McManus said unions are open to changing the ‘better off overall test’. Meanwhile, the Treasury warned that it could take 5-7 years for the economy to recover from the pandemic, and that the unemployment rate could be 8-9 per cent by 2021.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT, SKILLS, SMALL AND FAMILY BUSINESS,BUSINESS COUNCIL OF AUSTRALIA,ACTU

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