Thread: The Whyalla steel works must be saved, at any cost

Originally Posted by DiscoMick

We are, I think from memory, the 12th largest economy in the world and we punch well above our weight economically. We need to get over our inferiority complex, not let others push us around, stop thinking like a colony and stand up for ourselves, I reckon.

and did we make 12th on the list though manufacturing?

manufacturing makes up under 10% of our GDP.


do you really think number 12 on the list can stand up to number 2 on the list?

Originally Posted by Ean Austral

]

Our biggest problem is ourselves , its been said here before, we want to sell everything for top $$ but want to buy everything at bottom $$$.

isnt that human nature?

Well, referring to the thread title, with the Administrators now in place, I guess they will go through & analyse every aspect of the operation with a fine toothed comb. I will be interested in their findings, & do hope that there is a solution, which if there is one, will be based on facts, not words.......and I hope they do find one (a solution).
Pickles.

Originally Posted by Eevo

isnt that human nature?

Yes to an extent , but the road to recovery starts at home, and we need to start seeing past the cost to what the real price is of buy cheap lower grade products, which I am confident that imported steel is.


The biggest issue that I see is Arium made some bad business decisions by buying up thinking our boom was going to last forever, and changing the mindset of joe public that the tax payer should help them out.


I would have thought they could approach the government and get a secured loan at a capped interest rate to keep them trading within certain guidelines. The problem with administrators is they will see the profitable parts and try to keep them but toss the non profitable parts of the business, but in many cases its just a matter of where the costs are allocated so they may both be holding their own.


Its a bad place to be and hopefully some pressure can come that forces a outcome to keep them trading.


Cheers Ean

Originally Posted by Pickles2

AAhh yes, the "M.U.A."!
I seem to remember the 1998 "Waterfront Dispute", where Mr Reith & Mr Patrick, were successful, as a result of this "infamous" dispute, in revealing some intersting waterfront "practises", which, shall we say, were not "World Standard".
I'm no expert, but Wikepedia has a very comprehensive of those issues, and the consequence of the dispute.
Pickles.
Of course, the issue that you refer to Frantic, is far removed from that. Just goes to show there's good & bad in everyone I guess.

somehow i doubt the mua has done anywhere near the damage to australians that the bankers have done over decades.

would love to see that same little light mr abbott constantly referred to shone down the money trails of the bankers and financiers.

bet a bit of it leads back to dodgy union hierarchy as well as all sides of government not to mention big business.....

PS
and i might add that after seeing and hearing their reaction, you would have to be mad not too!

looks like I missed out on all the fun




Cheers Ean

Originally Posted by incisor

somehow i doubt the mua has done anywhere near the damage to australians that the bankers have done over decades.

would love to see that same little light mr abbott constantly referred to shone down the money trails of the bankers and financiers.

bet a bit of it leads back to dodgy union hierarchy as well as all sides of government not to mention big business.....

PS
and i might add that after seeing and hearing their reaction, you would have to be mad not too!

Aaahhh Dave, "The Banks"?
Always makes me laugh, when Labor, or anyone else for that matter, has a go at "The Banks"? Of course I may be biased, I worked for one for 40 yrs. So, I know how they work, I know what they like, what they don't like, & despite what people say, they DO try to look after their customers,.....jeez, it's common sense,..no customer, no business, no profit.
Anyway, back to what I was saying, during the GFC (are we out of it yet?..I don't think so), LABOR,...Swan & Co, were trumpeting, continually, about the benefits of the FOUR PILLARS, the FOUR BIG BANKS, We're lucky to have them, their strength & integrity would protect us, never go down, there'd never be a run on them, we all knew we've got the strongest banks in the world, they're different to other banks,...ra ra ra,......jeez, I could go on & on,.....but now, Labor's on the other foot,.....Why would that be??!!!
Pickles.
NB: Don't believe ALL you hear relative to Banks giving someone a "hard time",.....there's ALWAYS two sides, I know, I've been involved in plenty of stuff. And no doubt, some will blame "The Banks" for the issues the subject of this thread, and yet I read somewhere that a week or so ago, someone put forward a "wonder fix" involving the influx of squillions,........but they never even spoke to "The Banks"!

Originally Posted by Ean Austral

looks like I missed out on all the fun




Cheers Ean

it literally was fun...

but not needed in the grand scheme of things...

got a pull a chain or two occasionally