Three things happening.
1. More information about job cuts. The Independent’s Jenny Keown (can’t link to it sorry) reports 50 senior positions to go from Telecom Retail. What happens to the projects they were managing? And the people who were working on those projects?
2. IBM is tipped to become Telecom’s major outsourcing partner. This fits with information that a major offshoring of jobs within Telecom’s shared services area is planned, though is now likely to be managed in several stages.
2. Tomorrow Telecom will release details from a report into the XT failure. I wonder how much of the report they’ll release.
Hope the Government is paying attention.
will definitely want to be watching this one closely.
I’m uncertain to how bias the XT report will be though
Telecom = lessons in why not to privatise essential infrastructure
Hah. Draco got there before me. To expand on that …..
Can we collectively as a nation – wherever we are on the political spectrum – take a hard look and admit to ourselves that privatisation IN THE CASE OF TELECOM has not worked but has failed. And very miserably, to put it quite politely.
Instead of administering the same prescription, over and over again, and with increasingly stronger doses, we should tell ourselves it is time for a change. Or we will kill Telecom.
Surely it can’t be too late?
Hey why don’t we 100% privatise Air NZ again? I mean, its getting profitable now, it must be almost time to gift it to private interests so they can run it into a wall again rady for the next tax payer bail out? :rolleyes:
You just love putting the boot into Telecom don’t you Clare? But it doesn’t reflect so well on you when you revel in people losing their jobs.
It’s awesome how you’ve never actually said what you would do with the sector. All you ever do is bash Telecom and TelstraClear… which is fair enough – but hardly inspiring and isn’t any sort of path to the Treasury benches.
But then again, maybe sending out amateur polls on the values of Labour’s brand is all you need instead of actual policy? Oh by the way, ‘Maori’ is a race not a value.
Responding to Despair:
I think she’s just drawing attention to a problem and the causes of that problem. By privatising more and more state assets the Government invites more of the same. Why? Via irresponsibily divesting its stewardship of this country’s mission critical core infrastructure.
Two years is a long time in the telco industry. Labour could make and announce detailed policy early, but by the time the election rolls around you would have to change it all anyways. And why help NACT out by giving them all your good ideas today?
Meh.
Not really. The tech that needs rolling out will still be fibre and the telcos will still be ripping us off.
That said, a definite “yes, we’ll buy up Telecom and renationalise the national telecommunications” will result in those share prices going up.
Of course, I’m of the opinion that we’d just be taking back what we paid for and that no “buying” would take place – merely the ownership where it should be.
@ Loota, I have a little sympathy for Despair. Telecom was the poster child for the wonderous benefits that privatisation promised. But from the get go, they had greedy owners to satisfy, who gouged dividends without mercy. So they had to spin up the gradual creep of their dead on arrival technology into some kind of ‘techno step change’ just to keep one jump ahead of the punters’ wrath. It was always going to be a tough gig. Maybe an impossible gig. Maybe it’s now time to draw a line under the old debate and treat them just like any other foreign owned corporate that is gouging and conning its customers?
Telecom has the answer already sewn up. CEO Paul Reynolds is already paid enough for 50 senior positions, so let them all go, give him an extra $1.7 million, and he’ll do the work of sixty senior positions. Simple (apparently).
Jennifer can you look around and tell me of a big one that is not a foreign owned corp.
Moves are being made to put Fonterra into the same mold as the others and become another gambling chip. TINA it is called.