Should employers be asking staff to work fewer hours in a bid to cut costs?
Insurer Medibank Private is shifting 140 full-time staff to part-time positions as part of its merger with an occupational health services firm.
With takeovers also threatening jobs in the banking sector, is downgrading your hours a viable alternative to redundancy?
The Community and Pubic Sector Union doesn’t seem too pleased. A spokesman comments: “These are radical plans and far more extreme than Australian companies in legitimate financial trouble.”
What do you think of the Medibank move? Is it an innovative, job-saving proposal, or a cynical corporate ploy to slash wages in the midst of a recession? And will larger financial firms be tempted to follow suit?