Caltex about to axe 350 jobs.

[GASWAGON]

Just found this on newscom.au.....Not good....And yet their profits continue to increase year on year.

http://www.news.com.au/finance/busin...-1227035743112

[Smoke Pursuit]

Yep. Its ridiculous.

[lucas2]

It's a shame that big companies don't do the "right thing" and support the workers (lower/middle class), despite getting larger profits they feel the need to cut jobs. The share holders get richer and the people without jobs continue to struggle.

[Nova 8]

Let them know your not happy with their actions with your wallet.

[Rodge]

Originally Posted by DASH GT

Yep. Its ridiculous.

Yeap, its absolutely ridiculous that shareholders who own the company should be allowed to seek more efficiencies from their own business.

[blackf6]

BP has recently done the same thing. Closed refineries and gone through all the dead wood in the company. Global Financial crisis has hit all of us harder than we had realised.

[LG17]

Originally Posted by Nova 8

Let them know your not happy with their actions with your wallet.

The trouble with that is you won't be able to buy anything anywhere as they all do it!

[bobthebilda]

Originally Posted by lucas2

It's a shame that big companies don't do the "right thing" and support the workers (lower/middle class), despite getting larger profits they feel the need to cut jobs. The share holders get richer and the people without jobs continue to struggle.

They are doing the right thing. This is hardly a great business. They had approx. $24 billion in sales and are gonna be lucky if they achieve a $250 million profit, ie they may make a profit of 1 cent for every $ they sell. Additionally they are making 10 cents for every dollar of assets they have. Its hardly a business that anyone would want to reinvest money back into. They have to run efficiently as they can, or they either go out of business, or raise their refining margins further (ie increase fuel prices). If it werent for the likes of caltex continually getting crappy returns on the money they invest, we would be importing a hell of alot more refined fuel into the country.

[Rodge]

Originally Posted by bobthebilda

They are doing the right thing. This is hardly a great business. They had approx. $24 billion in sales and are gonna be lucky if they achieve a $250 million profit, ie they may make a profit of 1 cent for every $ they sell. Additionally they are making 10 cents for every dollar of assets they have. Its hardly a business that anyone would want to reinvest money back into. They have to run efficiently as they can, or they either go out of business, or raise their refining margins further (ie increase fuel prices). If it werent for the likes of caltex continually getting crappy returns on the money they invest, we would be importing a hell of alot more refined fuel into the country.

What a breath of fresh air, someone who understands business realities unlike some who think their primary role is as employment agencies...
You Sir have hit the bullseye.

[cheap]

At least a certain political party and their supporters will be over-joyed - as another evil polluting industry closes up in mainland Australia. Mission accomplished again!

[johnydep]

This reminds me of another thread http://www.fordforums.com.au/showpos...3&postcount=59

Different oil company but similarities are there.

[dimka100]

With refineries closing operations in Australia, will that make our petrol at the pump better quality or worse?

I guess I want to know if the refinement process overseas with our trading partners is better or worse? particularly for the higher grade (98) petrol.

[joolz]

Eventually the "share holders" will be super rich but wont last as there will be limited buyers of their products/services as they simply cant afford it..

[GASWAGON]

Originally Posted by dimka100

With refineries closing operations in Australia, will that make our petrol at the pump better quality or worse?

I guess I want to know if the refinement process overseas with our trading partners is better or worse? particularly for the higher grade (98) petrol.

I'm sure we will get the crap that no one else wants! Oh dear, wot to do?

[Charliewool]

Originally Posted by joolz

Eventually the "share holders" will be super rich but wont last as there will be limited buyers of their products/services as they simply cant afford it..

Joolz, if you are a superannuation contributor, YOU are most probably one of the "super rich" shareholders.
Everyone seems to automatically assume that these companies are only benefiting Toorak sociallites, when in fact it's the average Joeblow

[lucas2]

Originally Posted by Rodge

What a breath of fresh air, someone who understands business realities unlike some who think their primary role is as employment agencies...
You Sir have hit the bullseye.

I may be wrong, and I get that you're an accountant or similar and understand "business realities". But at the end of the day what happens when people cannot afford the product because they are unemployed? It may be extreme and a long way down the track.

[LooLoo18]

Originally Posted by dimka100

With refineries closing operations in Australia, will that make our petrol at the pump better quality or worse?

I guess I want to know if the refinement process overseas with our trading partners is better or worse? particularly for the higher grade (98) petrol.

Overseas fuel has to pass the same quality test as aussie fuel

[GASWAGON]

Originally Posted by LooLoo18

Overseas fuel has to pass the same quality test as aussie fuel

Well that is good news then.....Thank god!

[bungarra]

BP still has a refinery in WA , which is the largest in the country. One of the few refineries in the world including the USA with approval to supply fuel to California due to the low sulphide fuels produced.

[jimt3te50]

Originally Posted by lucas2

I may be wrong, and I get that you're an accountant or similar and understand "business realities". But at the end of the day what happens when people cannot afford the product because they are unemployed? It may be extreme and a long way down the track.

Rodge understands a lot but doesn't get much.

(He sold a 335 GT-P to buy a Chrysler)

[blue sleeper]

I expect Caltex to announce 350 imports from India soon.....

[Ruination]

This is 350 jobs in ADDITION to the jobs going at the Refinery.

For all we know the 350 they mention in this article are probably casual kids who work 8 hours a week after school

[GASWAGON]

Originally Posted by Ruination

This is 350 jobs in ADDITION to the jobs going at the Refinery.

For all we know the 350 they mention in this article are probably casual kids who work 8 hours a week after school

Seriously how many 'kids' do you actually see doing these shifts? Not Many i can tell you!

[Ruination]

Sorry, rather Uni students is probably what I should have said. Point still stands, the jobs going are more than likely the casuals.

[GASWAGON]

Originally Posted by Ruination

Sorry, rather Uni students is probably what I should have said. Point still stands, the jobs going are more than likely the casuals.

Thats better! Ye you are probably right about the casuals? Lets hope its not management/normal worker jobs being slashed.

[chris_p]

Casuals...You really have no idea.
Caltex is not Coles.
These people are full time employees who for the most part, have not just lost a job but have lost the ability to work in a specialised industry that they have been in their whole lives.

[Ruination]

Originally Posted by chris_p

Casuals...You really have no idea.
Caltex is not Coles.
These people are full time employees who for the most part, have not just lost a job but have lost the ability to work in a specialised industry that they have been in their whole lives.

When is the last time you went to a servo, be it Caltex "Starmart" Shell/Coles Express, BP or the like?
They essentially are a Supermarket, and they do employ Casuals, my younger brother being one at Caltex in Murdoch.

You must be referring to the people who are losing jobs at the Refinery.
These 350 jobs have nothing to do with the Refinery..