Barry Lichter

TAB to cut 30% of its staff

Recommended Posts

This should of happened 20 years ago and should never be allowed to balloon out to these numbers again.
I just hope the right staff are being axed and we're not left with the deadwood.

All top brass staff in suits on $100,000+ salaries need to have their roles reviewed from top to bottom! RITA, RIU, TAB & NZTR.

Share this post


Link to post
Share on other sites
22 minutes ago, poundforpound said:

You do have to feel sorry for those who lose their jobs though.....they’ve got mortgages and kids too 

True, but anyone there with any brains should have been positioning themselves to move on.

We could all see it coming. Why couldn't they?

Maybe that is the answer to the problem.

No one is a bigger socialist than me, but nor do I believe in sucking the trough dry and that's what so many there seem to have done. 

Good luck to them though, in these trying times.

P.S. Covid-19 hasn't caused this. The problems have been going on for years. How could management, paid $600,000+ surrounded by people on $300,000+ allowed this? 

 

Share this post


Link to post
Share on other sites
21 minutes ago, Insider said:

True, but anyone there with any brains should have been positioning themselves to move on.

We could all see it coming. Why couldn't they?

Maybe that is the answer to the problem.

No one is a bigger socialist than me, but nor do I believe in sucking the trough dry and that's what so many there seem to have done. 

Good luck to them though, in these trying times.

P.S. Covid-19 hasn't caused this. The problems have been going on for years. How could management, paid $600,000+ surrounded by people on $300,000+ allowed this? 

 

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

Share this post


Link to post
Share on other sites
28 minutes ago, Insider said:

True, but anyone there with any brains should have been positioning themselves to move on.

We could all see it coming. Why couldn't they?

Maybe that is the answer to the problem.

No one is a bigger socialist than me, but nor do I believe in sucking the trough dry and that's what so many there seem to have done. 

Good luck to them though, in these trying times.

P.S. Covid-19 hasn't caused this. The problems have been going on for years. How could management, paid $600,000+ surrounded by people on $300,000+ allowed this? 

 

It is so true that they should/ would have seen it coming and I have seen so many good workers jump ship at the merest hint of trouble , but when that trough is overflowing they arent looking for greener grass.

 

Share this post


Link to post
Share on other sites
33 minutes ago, Insider said:

True, but anyone there with any brains should have been positioning themselves to move on.

We could all see it coming. Why couldn't they?

Maybe that is the answer to the problem.

No one is a bigger socialist than me, but nor do I believe in sucking the trough dry and that's what so many there seem to have done. 

Good luck to them though, in these trying times.

P.S. Covid-19 hasn't caused this. The problems have been going on for years. How could management, paid $600,000+ surrounded by people on $300,000+ allowed this? 

 

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZSX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

Share this post


Link to post
Share on other sites
35 minutes ago, poundforpound said:

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

Prime example , Dalziel , former labour parliamentarian now Christchurch  the mayor . 

Councillors have promised to scrutinise staff pay after it emerged more than a quarter of Christchurch City Council employees earn over $100,000 a year — leading to accusations that bureaucrats are fleecing ratepayers.

The council’s payroll bill has spiralled in recent years, jumping from less than 25 per cent of operating costs in 2013 to almost 40 per cent at the end of the last financial year.

The number with salaries above $100,000 has more than doubled, up from 248 seven years ago to 554 in 2020, a rise from 12.8 per cent of the total staff to 25.5 per cent.

Share this post


Link to post
Share on other sites
37 minutes ago, poundforpound said:

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

You are probably right, in most of what you say. 

I can't agree with you 100% otherwise people will think that we are friends. LOL 

Share this post


Link to post
Share on other sites
44 minutes ago, poundforpound said:

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

Exceded only by Simon's alternative proposals

Share this post


Link to post
Share on other sites

I think we have got lucky , if you can call it that , that covid came along , because without the excuse of covid i don't believe they would have had the courage or the character to act on the issues that are plaguing them . They would have continued on with the smoke and mirrors till the arse fell out or their contracts were up .

Share this post


Link to post
Share on other sites
5 minutes ago, Patiti said:

"Can it get worse?"

With the same leaders of course it can.

The same people who were prime movers behind the new platform probably remain.

The interesting thing will be whether it is upper management who go or the lower paid frontline staff. And if they just get rid of contractors like tote staff, cameramen etc they will have to re-employ them when things get going again anyhow.

Share this post


Link to post
Share on other sites
1 hour ago, poundforpound said:

Let me give you a clue 

Anyone left in charge of other people’s money ( read Labour or lefties ) will invariably keep spending the other people’s money until it runs out ..... there’s a life lesson right there .....if the TAB was listed on the NZSX and accountable to shareholders, or if it had competition, this would almost certainly never have happened, but it wasn’t, and it has.

You're seeing the exact same thing happen with our country Liz ... inefficiencies and left wing loonies on a drunken narcissistic spending spree that those of us who are productive tax generators will spend the next twenty years paying for 

The good workers will gravitate to good jobs with good employers , whether or not their jobs are on the line because the morale has been sucked out , inevitably the dregs and the sycophants are what you end up with , which makes the new org worse than what they started with before the cuts , more innefficient and they will not deliver any savings.

Share this post


Link to post
Share on other sites
2 hours ago, Baz (NZ) said:

This should of happened 20 years ago and should never be allowed to balloon out to these numbers again.
I just hope the right staff are being axed and we're not left with the deadwood.

All top brass staff in suits on $100,000+ salaries need to have their roles reviewed from top to bottom! RITA, RIU, TAB & NZTR.

Deadwood thats the only kind isnt it

Share this post


Link to post
Share on other sites
10 hours ago, We're Doomed said:

The amazing thing really is that revenue is only down 47% and customer numbers down about 35% despite no NZ racing to bet on and no international sport of any type.  Sounds like everyone has discovered Aussie racing. It doesn't sound like they make any profit at all off NZ racing.

They don't.

That is why, without the extra income streams from overseas racing/sports/pokies,  we're stuffed.   And, even if cap-in-hand to Govt produces a bailout [ on top of what we already receive ] ,  unless there is radical restructuring we'll be back with the hand out again sooner or later.

Share this post


Link to post
Share on other sites

Here’s the most disturbing statement from Dean McKenzie

 

“The reality is the TAB will need to be a leaner, more efficient business with fewer roles, and focused on driving our core wagering and gaming business.

 

That statement makes it absolutely clear that the list cost, highly profitable, pokie side of their business is a priority.

If ever you needed or wanted a reason to turn your back on the industry it’s right there, the filthy exploitative pokies.

Where’s the morality, where’s the sense of decency, where’s the integrity ?

When your focus is on the exploitation of vulnerable people, when your target has collateral damage to kids who cannot fend for themselves, then your business model is worthy of nothing but contempt.

The day this country bans pokies ( and smoking ) will be the day we can proudly proclaim that we’re world leaders who genuinely care about the less fortunate and most vulnerable members of society...in the interim....we’re no better than those who trade in the currency of any addictive substances at the expense of the pathologically addicted.

 

Share this post


Link to post
Share on other sites
Just now, poundforpound said:

Here’s the most disturbing statement from Dean McKenzie

 

“The reality is the TAB will need to be a leaner, more efficient business with fewer roles, and focused on driving our core wagering and gaming business.

 

That statement makes it absolutely clear that the low cost, highly profitable ( over 20 million a year ), pokie side of their business is a priority.

If ever you needed or wanted a reason to turn your back on the industry it’s right there, the filthy exploitative pokies.

Where’s the morality, where’s the sense of decency, where’s the integrity ?

When your focus is on the exploitation of vulnerable people, when your target has collateral damage to kids who cannot fend for themselves, then your business model is worthy of nothing but contempt.

The day this country bans pokies ( and smoking ) will be the day we can proudly proclaim that we’re world leaders who genuinely care about the less fortunate and most vulnerable members of society...in the interim....we’re no better than those who trade in the currency of any addictive substances at the expense of the pathologically addicted.

 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.