Australia at risk from unsustainable union pay claims, international expert warns

Unsustainable union demands around pay and conditions are driving international investment away from developed economies such as Australia, one of the world’s leading business “turnaround” experts has warned.

US business recovery specialist Greg Rayburn made the comments ahead of the 34th annual conference of the HR Nicholls Society, which will be held in Brisbane next month.

Mr Rayburn will detail his experiences with American bakery company Hostess Brands, which was forced into liquidation in 2012 as a result of nation-wide strike action after management was unable to reach a new pay and benefits deal with workers. Read more