Union Merger a Danger for the ACT
Master Builders ACT today has expressed its grave disappointment at the merger of the CMFEU, MUA and TCFUA which takes effect today.
"Our members are extremely worried about what this means not only for them, but also for their employees and their community," Michael Hopkins, CEO of Master Builders ACT said.
"This merger has the potential to put a $4.1 billion pipeline of construction projects in jeopardy, putting jobs at risk and forcing families to foot the bill," he said.
"Aside from ramping up the likelihood of destructive industrial disputation and disruption, it could hold up the development and delivery of community infrastructure," Michael Hopkins said.
"These are key current and future projects for the ACT. There is grave concern about what this merger may mean for their future," he said.
"The reality is that the merger could represent a disaster for the ACT economy, not just now but for generations to come unless the new union commits itself to joining the rest of the community and complying with the law," Michael Hopkins said.
Implications of the merger
ACT Infrastructure potentially under threat
The amalgamation has the potential to put in jeopardy and threaten a pipeline of infrastructure projects or see them cost more than they should. The merger:
- Threatens a pipeline of construction projects worth $4.1 billion. This pipeline will be a key source of jobs growth in the ACT over the next 5 to 10 years.
- Will drive up the cost of delivering public infrastructure projects, which means ACT taxpayers will pay more for these projects than they need to.
- Threatens to hold up the construction of critical infrastructure, like the $700 million stage 1 of the Capital Metro Light Rail project.
- Will drive up the cost of 20,000 new dwellings to be built in the ACT over the next 5 years, worth over $7.1 billion (2017 to 2022).