Gillard presses for action on Syria, Council seat. PM sells security credentials to UN. IMF tips slowing global growth. Virgin asks ACCC to scrutinise Qantas-Emirates deal. Caltex lures new parents back. Rachel Nickless Caltex Australia will on Wednesday unveil an Australian-first program designed to stop women walking out the door for good once they have children. The Caltex “BabyCare” initiative provides workers with four 3 per cent return-to-work bonuses spread out over the first year a parent returns to work, meaning a worker on $75,000 a year will be paid $9000 in pretax income.
It is open to male and female Caltex employees, as long as they are the “dominant carer” of a newborn. It also provides staff with up to $1500 of emergency child care through the Dial-An-Angel nanny service, new breast-feeding facilities at major Caltex workplaces by next year and specialist advice from Work-Life Links consultants for parents to identify appropriate child care. Speaking to the Financial Review before the program launch in Sydney, Caltex Australia chairman Elizabeth Bryan said she believed the program was the first of its kind in Australia.
Car making set to become an election issue. PM’s adviser: local cars dying. Manufacturing Taskforce member Roy Green says the local auto manufacturing industry will be unable to survive if it continues to focus on building cars for Australians. Photo: Rob Homer Peter Roberts and Claire Stewart A member of the Prime Minister’s Manufacturing Taskforce has warned the local arms of Ford, General Motors and Toyota they must shift from making cars for the Australian market and work out how to become parts suppliers to the global automotive industry. Roy Green said without significant technological advances in car design, such as successful electric cars, the industry would be unable to survive if it continued to focus on building cars for Australians. “The time has come for all of these manufacturers, and General Motors is already moving in this direction, to integrate with global car production,” Professor Green told a manufacturing conference in Sydney yesterday.
“I don’t think there is an answer there.” Financial Review destroys documents Debate over outlook for Ford. Focus on mortgage, avoid debt, RBA urges households. Bank funding pressures easing, says RBA. ANZ merger poses question for Westpac brands. AMP targets growth in funds, SMSF management. ANZ set to dip its toe in Mongolia. CBA offers cash to lure mortgage customers. Business insurance premiums set to rise. General insurers face growing competition. CBA, NAB used wrong loan column. Stay with the yield story. Swan vows deeper budget cuts. WE edition. <div id="no_javascript"><p class="attention">JavaScript is turned off in your browser</p><p>To view afr.com website correctly and with full functionality requires your browser be JavaScript enabled. </p><a href="/help">Click here for help » </a></div> Your Fairfax Membership account setup is complete.
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Banks IT. Raging China Debate. PERLS equity dressed as debt. LNG. FOFA. IT. ASX. QE3.