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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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Money

The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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