FMG 1.04% $20.35 fortescue ltd

skynews business now quoting 35000 job losses, page-16

  1. 1,752 Posts.
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    I understand the anger of FMG shareholders, they got really hit for 6 with the announcement of the announcement of the super tax combined with the bloodbath on the markets due to recent Euro fears super correction.
    Because of the way Fortescue is financed it would be affected much more than other miners.
    Changing the rules half way through the game is unfair and individual circumstances should be taken in account and compensated for.

    All I was saying is: the number of jobs quoted as lost were projections, not real jobs and you can not loose something you have not got. There would be some new jobs, but most of workers would be people moving across from other completed projects.

    I also understand that most of new jobs were going to go to local aboriginals, who were going to be trained and employed and it would be a tragedy if this was a casualty of the super tax.

    Brian
 
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