Alexia Lioulios retweetet

“Commonwealth Bank has laid off hundreds of workers in Australia and launched a hiring spree in India just weeks after recording a $5billion profit.
The bank increased its India-based workforce by 21 per cent to 6,788 in the year to June 2025, a 138 per cent increase since 2022.”
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More bad news on the economic front today with inflation coming in higher than expected.
As usual the response from the pundits is that interest rates need to rise.
Rather than impose more austerity on hard working Australians by lowering demand isn’t it time that the Government actually looked at increasing supply by building more infrastructure to improve productivity.
Using the blunt instrument of manipulating interest rates is not solving structural imbalances in the economy including excessive government spending.
Furthermore the government needs to stop service jobs going offshore.
A week after the CBA announced another record profit, it’s been revealed they are sacking staff in Australia whilst recruiting staff in India.
The CBA employs almost 7,000 staff in India which is just intolerable.
People First intends to rectify these issues by abolishing the Indian Free Trade Agreement, restoring the Military Apprenticeship Scheme and implementing an Infrastructure Bank to fund the construction of Infrastructure.
Sign up today at Peoplefirstparty.au if you want to give our children a better future.
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