Adani promises no 457s

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From the AFR:

Indian multinational Adani will employ no foreign workers under 457 visas as part of the workforce for the $21 billion Gaililee Basin coal mine, Queensland premier Annastacia Palaszczuk said.

The premier said Adani, which is an Indian listed company that is 75 per cent owned by the wealthy Adani family, had given an “iron clad guarantee” there will be no 457 workers and a “guarantee of a Queensland First policy for jobs”.

“This project will bring about around 10,000 jobs,” Ms Palaszczuk told reporters on Tuesday.

“The life of this project will be anywhere between 50 and 60 years. That means generational jobs. That means that you can work on this project and your son or daughter may have the opportunity to also work on this project,” she said.

So this is what it has come to. We’re to be grateful for living standards destroying white elephant (that will trigger just as many job losses from more efficient mines in NSW) because it won’t employ Indians. That’s leadership for ya.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.