logo
Aussie CEO issues huge WFH warning: ‘Every job at risk'

Aussie CEO issues huge WFH warning: ‘Every job at risk'

Yahoo10-02-2025

An Australian CEO has issued a dire warning for employees hoping to continue working from home. The WFH tide has well and truly begun to turn, with more Aussie companies reeling back their pandemic policies and getting staff back into the office full-time.
Capital Airport Group and Canberra Airport CEO Stephen Byron is one Aussie boss calling on workers to return to the office. He was recently asked about how companies could get people back to their desks, particularly in the Canberra CBD where retail vacancies are the highest.
Bryon said WFH was a legacy of the pandemic and argued it meant workers weren't able to be part of the team or the culture, or given an environment for learning and mentoring.
RELATED
Work-from-home debate fires up as Aussie exposes 'ridiculous' reality of return to office
RBA interest rate cuts set to make these Aussies $50,000 richer overnight: 'Frenzy'
Aussie mum's $1,500 warning after getting 'stupidly high' bill: 'Question everything'
'We're tribal as people, we work better in teams, we work better collaboratively, we understand what we're trying to achieve,' Bryon told an ACT Property Council breakfast, according to Riotact.
'The truth is, if you want to really work from home, every single person's job is at risk of being outsourced overseas.'
Iqbal Singh, founder of financial advisory firm Innovative Consultants, shared a similar sentiment last year.
He said Aussie workers could "absolutely" be replaced by Indian workers for a fraction of the cost, estimating the jobs could be done for around 10 to 15 per cent of current costs.Byron said Canberra, in particular, had 'a lot at risk' from the work-from-home trend and argued that remote public service appointments undermined the notion of a national capital.
He argued there was a lack of leadership from governments and managers on work from home, and said mandating work from home in some departments had to stop.
'Managers need to manage people and show leadership and mentoring, and they need to say, I can look after my team as a team, not as an individual, and I'm probably going to employ people who live in the same city,' he said.
Commonwealth public servants currently have some of the most generous work-from-home rights in the country.
The Australian Public Service Commission enterprise agreement, signed in late 2023, allows uncapped working-from-home days for Commonwealth employees, which covers 174,000 workers across 103 agencies.
Amazon, Dell, Tabcorp and Flight Centre are among the major companies pushing for staff to return to office this year. In August, the NSW Premier's Department issued a directive for public sector employees to return to work primarily from the office.
Despite this push, recent research by the Committee for Economic Development of Australia (CEBA) found more than a third of Aussies were still regularly working from home.
Office vacancy rates across Australia's major cities have remained largely stable over the last six months, the latest Office Market Report from the Property Council of Australia found.
CBD vacancy rates have slightly increased from 13.6 per cent to 13.7 per cent, driven by increased supply and positive demand above historical averages across the four major cities.
Meanwhile, non-CBD vacancy rates have held steady at 17.2 per cent.
Despite the positive signs, this is still the highest CBD vacancy rate recorded since the mid-1990s.Sign in to access your portfolio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Boeing CEO cancels airshow visit as investigation starts on India crash
Boeing CEO cancels airshow visit as investigation starts on India crash

Yahoo

timean hour ago

  • Yahoo

Boeing CEO cancels airshow visit as investigation starts on India crash

Boeing and GE Aerospace are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO cancelling his trip to the Paris Airshow next week and GE postponing an investor day. More than 240 people were killed when an Air India Boeing 787 jet bound for London crashed moments after taking off from the city of Ahmedabad on Thursday, authorities said, in the world's worst aviation disaster in a decade. Boeing CEO Kelly Ortberg said in a message to staff on Thursday evening that he and Boeing Commercial Airplanes boss Stephanie Pope had cancelled plans to attend the Paris Airshow 'so we can be with our team and focus on our customer and the investigation.' The airshow, which runs from June 16 to June 20 at Le Bourget, is the global aviation industry's largest trade show, where typically many aircraft orders are placed by airlines. Ortberg had been due to attend for the first time as Boeing CEO since being appointed to lead the company out of a series of back-to-back safety, industrial and corporate crises. Aircraft engine maker GE Aerospace, whose engines were in the Boeing 787 plane, had planned an investor day on June 17, coinciding with the show. GE said the briefing had been cancelled and it would put a team together to go to India and analyse data from the crashed aeroplane. 'GE Aerospace's senior leadership is focused on supporting our customers and the investigation,' the company said. It said it planned to give a financial update later this month. Safety experts stressed it was too early to speculate why one of the world's most modern airliners should crash shortly after takeoff. Accidents in that phase of flight are rare, said Paul Hayes, safety director at UK consultancy Cirium Ascend. The Indian investigation of the crash is currently focusing on the engine, flaps and landing gear, Reuters reported on Friday, citing an unnamed source, as the country's regulator ordered safety checks on Air India's entire Boeing-787 fleet. Under global aviation rules, India will lead the probe with support from NTSB investigators in the United States, who will, in turn, liaise with Boeing and GE on technical reduced attendance plans came as delegates said the crash had cast a sombre mood over the airshow, putting in doubt several order announcements and putting safety back in the spotlight alongside concerns about US tariffs. The world's largest aviation trade expo, running from June 16 to 20 in Le Bourget, usually gives aircraft and arms manufacturers a key stage to showcase deals and sets the tone for a global supply chain already under pressure from shortages. Boeing shares were down Friday, falling 3.8 percent, while GE Aerospace was down 2.4 percent. Boeing has cancelled some events and is unlikely to make any commercial order announcements at the show, though it will press ahead with low-key briefings on other topics, delegates said. One key expected announcement had been a potential order for dozens of Boeing jets, including the 787 from Royal Air Maroc. But the airline plans no announcement at the show, and this will also affect Airbus, which had been expected to sell it some 20 A220s, industry sources said. None of the companies had any comment on specific deals. Airbus CEO Guillaume Faury on Friday expressed condolences over the accident, and the world's largest planemaker was expected to observe a muted tone surrounding what had been expected to be a busy week for orders to meet high demand. One delegate said business would continue but with fewer of the high-profile news conferences and in-person announcements associated with the industry's biggest commercial showcase. Another said some order announcements could be delayed until later in the year as a mark of respect for victims. 'The show will be a lot more sombre, less celebratory,' said a delegate involved in planning one such announcement, speaking anonymously because the plans have not been publicly revealed. 'The show will go ahead as planned, but it will be more subdued and with less cheerleading,' the delegate said.

Sunjay Kapur, Businessman and Ex-Husband of Bollywood Star, Dies at 53
Sunjay Kapur, Businessman and Ex-Husband of Bollywood Star, Dies at 53

New York Times

time2 hours ago

  • New York Times

Sunjay Kapur, Businessman and Ex-Husband of Bollywood Star, Dies at 53

Sunjay Kapur, a prominent Indian businessman and the former husband of the Bollywood star Karisma Kapoor, died on Thursday after participating in a polo match in Windsor, England. He was 53. The cause was a 'sudden heart attack,' Sona Comstar, an automotive components manufacturer based in India, where Mr. Kapur was the chairman, said in a statement. Guards Polo Club said on Instagram on Friday that Mr. Kapur had been playing in a match on its Smith's Lawn when he appeared to become unwell. A wealthy industrialist and the owner of the Aureus polo team, Mr. Kapur had traveled to England to compete in polo matches this summer. Guards Polo Club is known for its close association with Britain's royal family: its current president is King Charles III, who succeeded his father, Prince Philip, the Duke of Edinburgh. Prince William is a regular. Mr. Kapur took over leadership of Sona Comstar, an automotive company founded by his father, Surinder Kapur, in 2015 and helped drive its expansion as a global supplier of automotive components and systems for electric vehicles and other types of cars. Based in Gurugram, India, just southwest of New Delhi, the company has more than 4,600 employees and factories across India, China, Mexico and the United States. In a social media post on Thursday, Mr. Kapur paid tribute to the victims of the Air India plane crash in Ahmedabad, India, that killed more than 250 people. In 2003, Mr. Kapur married Karisma Kapoor, one of the leading Bollywood actresses at the time, in a Sikh ceremony in Mumbai that received breathless coverage from local news outlets and tabloids. The couple had a daughter, Samaira, and a son, Kiaan. The couple divorced in 2016. A previous marriage to Nandita Mahtani, an Indian fashion designer, also ended in divorce. Mr. Kapur married Priya Sachdev, a model, in 2017. She survives him along with their son, Azarias. His other survivors include a daughter, Samaira, and a son, Kiaan, from his marriage to Ms. Kapoor. Sunjay Kapur was born on Oct. 15, 1971. He attended schools in India and held a degree from the University of Buckingham. The Doon School, a boarding school in Dehradun, India, that he attended as a child, said on social media that Mr. Kapur had held positions on its governor's board and other committees. 'A passionate fitness and sport enthusiast and a learner for life, he worked to make polo more accessible beyond its traditional roots,' the school said.

NTPC declares commercial operation of Unit-3 (660 MW) at North Karanpura Super Thermal Power Project
NTPC declares commercial operation of Unit-3 (660 MW) at North Karanpura Super Thermal Power Project

Business Upturn

time4 hours ago

  • Business Upturn

NTPC declares commercial operation of Unit-3 (660 MW) at North Karanpura Super Thermal Power Project

By Aman Shukla Published on June 13, 2025, 19:18 IST NTPC Limited, India's largest power generating company, has announced the successful commencement of commercial operations of Unit-3 (660 MW) at its North Karanpura Super Thermal Power Project located in Jharkhand. The unit, which is part of the 3×660 MW (1,980 MW) project, has been declared commercially operational with effect from 00:00 hrs on June 15, 2025. With this development, NTPC's total standalone commercial capacity has increased to 60,266 MW, while the group's total commercial capacity has reached 81,368 MW. In the exchange filing, the company shared, 'We wish to inform that Unit#3 (660 MW) of North Karanpura Super Thermal Power Project (3×660 MW) is declared on Commercial Operation w.e.f. 00:00 Hrs. of 15.06.2025. With this, the total standalone and group commercial capacity of NTPC will become 60266 MW and 81368 MW respectively.' This latest capacity addition reinforces NTPC's position as a leader in the Indian power sector, with a diversified and rapidly growing energy portfolio. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store