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Why my bosses are both out of a job. But spa builders are doing OK

^{Published on 2024-12-18 13:40:53 - Sydney Morning Herald}
 

• What's in a job title? Everything, if your job just happened to disappear as part of a major revamp by the bureau of statistics of the nation's thousands of occupations.

The article from The Sydney Morning Herald discusses the contrasting fortunes of different sectors in Australia amidst economic challenges. While the bosses of major companies like Qantas and Rio Tinto have lost their jobs due to various corporate issues, the spa and pool construction industry is experiencing a boom. This unexpected resilience in the spa sector is attributed to several factors: increased home renovation projects, a desire for luxury and relaxation at home, and possibly a shift in consumer spending towards home-based leisure activities. The article highlights how economic downturns affect industries differently, with some sectors like spa builders finding unique opportunities for growth even as others face significant leadership changes and economic pressures.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/federal/why-my-bosses-are-both-out-of-a-job-but-spa-builders-are-doing-ok-20241209-p5kx1q.html ]

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