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Worker participation the key



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JOHN MOORE MP SHADOW MINISTER FOR

BUSINESS, PRIVATISATION AND CONSUMER AFFAIRS

WORKER PARTICIPATION THE KEY

The Coalition's commitment to worker participation will reduce the temptation to strike, according to John Moore, Opposition Business, Privatisation and Consumer Affairs Spokesman.

Mr. Moore said that it was highly unlikely that Qantas and Australian Airlines would disrupt business once the benefits of privatisation were in place.

Under the Liberal/National privatisation policy, up to 20% of the issued share capital would be offered to airline employees.

Overseas experience shows that nearly 100% of employees buy shares - in one degree or another. And the majority of hold onto their shares for their entire length of service.

Once the workforce become part-owners of a business where dividends and bonuses are tied directly to profit and productivity, industrial disputes solve themselves through sensible negotiation.

Private sector competitors like Ansett would follow suit by matching the benefits offered by the privatised airlines.

Pressure for industries across the board to offer the same benefits will follow. The entire work force will eventually have a financial stake in the future of the enterprise.

Employees with, shares in their company would be less likely to stand by and watch their investments go down the drain. As part-owners, the pilots would be devastated to see the airlines lose an estimated $30 M in a week.

Before privatisation, British Airways was plagued by industrial unrest. Since privatisation, industrial harmony rules the day.

This tired Labor Government offers only solutions flowing from big unions, big government and big business.

The Coalition will break down these power blocs so each employee acts in their own best interest, as well as the best interest of the company and the country.

INQUIRIES CANBERRA (062)π*133 BRISBANE (07)3710644 25 August, 1989 COMMONWEALTH

PARLIAMENTARY LIBRARY MICAH