The Commonwealth Bank of Australia (CBA) has reversed its decision to cut 45 customer service jobs that were initially slated to be replaced by artificial intelligence technology. This reversal followed pressure from the country's main financial services union and challenges related to the bank's claims about chatbot productivity. The issue was highlighted amid broader discussions on economic reform in Australia, particularly at a roundtable led by Federal Treasurer Jim Chalmers. The roundtable produced ten recommendations aimed at improving productivity across the country, including plans to introduce road-user charges for electric vehicle (EV) drivers as part of a suite of reforms. However, the Productivity Commission chair, Danielle Wood, expressed skepticism about whether these reforms would be sufficient to address Australia's sluggish productivity growth. Additionally, a new survey pointed to a backlash against the government's green energy plan due to rising costs, indicating ongoing challenges in balancing economic and environmental objectives.
🇦🇺 Chalmers Revs Up EV Road User Tax Amid 'Quick Wins' ▫Treasurer Jim Chalmers has revealed plans to slap EV drivers with road-user charges within months – and dozens of other reforms that might come from the roundtable ▫@paulsakkal @swrighteconomy @millie_muroi & Nick Newling https://t.co/x6El6hT6HN
🇦🇺 'I Wouldn't Go That Far': PC Boss Tables Verdict ▫Productivity Commission chair Danielle Wood has cast doubt on whether the economic reform roundtable’s outcomes can fully repair Australia’s sluggish productivity ▫Matthew Cranston, @gregbrown_TheOz @EwinHannan https://t.co/q8XEOtQdk0
🇦🇺 Jim The Profit ▫Treasurer Jim Chalmers reveals 10 most important productivity reform areas ▫Matt Shrivell and Kimberley Braddish ▫https://t.co/1NIEhECxiP #frontpagestoday #Australia @thenightlyau https://t.co/sobSqwSVqG