In this episode of the Nestegg podcast, presenter Maja Garaca Djurdjevic and three experts discuss the latest developments in stocks, real estate investing and super

Steve Waters, Director of Right Property Group, talks about the latest real estate, the end of the rental moratorium, the raging floods in New South Wales and how to minimize the risk of buying a property

Dr Angel Zhong, Senior Lecturer in Finance at RMIT, talks about Commonwealth Bank’s BNPL entry, tech stock bubble, and recent decline in tech stock prices around the world and why 450000 additional Aussies listed for the first time in the US last 12 months

And finally, tax and super guru Timothy Munro comments on the ongoing debate about increasing the SG and the need for a fundamental tax change

Do you have a question for our experts? Contact us at [email protected] and you may be featured in the next episode

Hundreds of Virgin Australia employees have been laid off without pay for at least three weeks as the government ends corporate support

Hundreds of Virgin Australia employees have been laid off without pay for at least three weeks as the government ends corporate support

The Transport Workers Union (TWU) has filed a dispute with Virgin over the resignation of workers following the termination of the JobKeeper program by the federal government

In a statement, the union alleged that Virgin’s decision to cut employees was a direct result of JobKeeper’s demise The government predicted that after the stimulus package was completed on Jan. March another 150000 jobs will be created in all sectors

TWU National Secretary Michael Kaine called the Prime Minister’s cheap flight plan a “cheap trick for aviation workers” after the announcement of a US dollar. A 2 billion stimulus package to support domestic tourism

“The federal government’s decision to cut JobKeeper off has resulted in Virgin workers resigning from their jobs,” Kaine

said

“This disastrous move by Scott Morrison means domestic aviation workers have been cut off and Virgin workers are now concerned about how they will pay their bills and support their families”

The union said the federal government had rejected aviation workers’ requests for aviation keepers Wage support for all aerospace workers has been reduced under severe conditions to cap executive salaries, ban bonuses and dividends, and ban outsourcing

“The TWU and seven other aviation unions wrote to Scott Morrison when he made his low-cost flight announcement warning that aviation jobs would be jeopardized

“Just a few days after JobKeeper’s death, we’re already seeing the effect. The prime minister refused to meet aerospace workers to see why a wage subsidy is crucial even for short-term renewals,” Kaine said

The union also alleged that the current system of assisting only international aviation workers was inadequate

“Qantas is the only one getting it as Virgin no longer has an international crew. We are again calling on the prime minister to save aviation jobs and reverse the decision to kill jobkeepers,” Kaine added / p>

The TWU argued that Virgin Australia had violated its collective agreement by disagreeing with the union about the Sept. March to 18 April advised

In its petition to the Fair Work Commission, the union said Virgin Australia refused to overturn the decision to withdraw all pit crew workers including baggage handlers, ramp workers and pushback drivers in Sydney, Melbourne, Brisbane, Perth and Adelaide

Cameron is a journalist for Momentum Media’s Nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to grow their wealth and gain financial independence Use insights to expand your portfolio

Cameron is a journalist for Momentum Media’s Nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to grow their wealth and gain financial independence Use insights to expand your portfolio

Another 155000 Australians will plunge into poverty if the coronavirus supplement ends tomorrow, new research has shown
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Another 155000 Australians will plunge into poverty if the coronavirus supplement ends tomorrow, new research has shown
Read more

Unions have called for a $ 26 per week minimum wage increase in Australia to warn that Australia’s recovery from the COVID-19 pandemic is subject to a wage increase
Read more

Treasurer Josh Frydenberg has defended the government’s decision to end JobKeeper as economists and unions warn of impending job losses
Read more

It will take roughly a quarter of a century to close the full-time gender pay gap if advances continue at the same pace as in the past five years, according to a new study
Read more

The end of JobKeeper has been described as a “body blow” to jobs and the economy as the government plans their recovery from the COVID-19 pandemic
Read more

While much of the government’s labor relations reforms did not please the Senate, the Morrison administration managed to see through the definition of a casual employee for the first timeRead more

The federal government has withdrawn key elements of its Labor Relations Act to ensure passage through the Senate
Read more

The Prime Minister has confirmed that the number of Aussies employed is above pre-pandemic levels, but warned that more work needs to be done as the Senate is only handing over remnants of its industrial relationship Read More

Jungfrau

World news – AU – With the stimulus “cheap trick” Virgin is holding back hundreds of workers

Source: https://www.nestegg.com.au/earn-money/salary/cheap-trick-stimulus-sees-virgin-stand-down-hundreds-of-workers