Media Feature — Retraining before retrenchment in age of automation

By Ewin Hannan. Published in The Australian. 

“A new report by progressive think tank the McKell Institute finds 2-3 per cent of the workforce is retrenched annually, with just 14 per cent working in a job long enough to get the maximum redundancy payout of 16 weeks’ pay, excluding those covered by more generous provisions in enterprise agreements.

It estimates 78 per cent of retrenched workers had been with their employer for less than five years, and 30 per cent for less than two years.”