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Telstra becomes first Aussie telco to mandate COVID jab

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Australia’s biggest telco, Telstra has announced it plans to mandate the COVID vaccine amongst its workforce

The telco giant plans to mandate COVID-19 vaccinations for 8,300 frontline staff.

The mandate though, is in defiance of the Business Council of Australia’s stance that employers should only take this step with the backing of government health orders.

The telco giant stated that it would require about a third of its workforce to be vaccinated, and had commenced a one-week consultation period with staff, unions and partners ahead of what will be one of corporate Australia’s largest mandatory vaccination drives.

Telstra now faces a showdown with unions over the proposal

Telstra boss Andy Penn says that the vaccine requirement would apply to about 8300 workers but not those who could work from home or were outside Australia.

The telco is facing potential legal challenges, however, after chief executive Andy Penn said in a letter to employees that those who refuse the vaccine may be forced into ‘‘medical retirement’’.

“This policy would make getting vaccinated a requirement for roles where they are in regular contact with customers, the public or other employees, such as our frontline and business-critical teams, and those who need to visit customer premises at times,”

Telstra is now the fourth company to mandate Covid-19 vaccinations, joining SPC – which was the first business to force employees to get the jab, as well as major airline Qantas and Australia’s second-biggest private hospital operator, Healthscope.

Virgin Australia, the second largest airline in Australia is still to confirm its vaccine mandate.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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