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Enterprise bargaining is the only way that workers and their unions can legally seek wage increases. Since the system was first introduced by a federal Labor government in 1993, it has achieved its deliberate, but unstated, aim of lowering aggregate wages and increasing profits.

More than 1000 people rallied in Wollongong on September 19 to demand the federal government take action to save jobs at the Port Kembla steelworks.

BlueScope Steel announced a on August 24. This is an improvement on last year’s loss of $83 million, but not by much compared to past profits. The results were released on the day the Australian share market suffered its worst fall since the global financial crisis, yet BlueScope’s share price went up by almost 9%.

More than a decade ago, BHP Billiton demerged its steelmaking facilities from its then highly profitable minerals and energy division. The two steel plants in Port Kembla and Whyalla, which were formerly part of an integrated company that produced the iron ore and the coking coal for steelmaking, became stand-alone steelmakers at a time when China became a serious competitive threat. Its Port Kembla and Whyalla operations were also separated from each other, becoming BlueScope in Port Kembla and One Steel (now Arrium) in Whyalla.