NBN Co to limit spending in limbo period

[Don McKenzie]

NBN Co to limit spending in limbo period

Aug 24, 2010 2:42 PM

Affected vendors to be notified.

NBN Co has announced it would cut down on its spending until its future is determined by the forming of a Federal
Government, post Saturday's hung election result.

The freeze on spending and procurement was first reported by the Sydney Morning Herald.

The company said in a statement that it would "continue to operate, plan and use existing resources but would seek to
minimise any discretionary expenditure".

http://x2t.com/who_won_limbo

Cheers Don...

=====================


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Don McKenzie

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[SolomonW]

On Tue, 24 Aug 2010 16:27:14 +1000, Don McKenzie wrote:

The company said in a statement that it would "continue to operate, plan and use existing resources but would seek to
minimise any discretionary expenditure".

In other words their salaries.

 

[Rob]

On 24/08/2010 4:27 PM, Don McKenzie wrote:

NBN Co to limit spending in limbo period

Aug 24, 2010 2:42 PM

Affected vendors to be notified.

NBN Co has announced it would cut down on its spending until its future
is determined by the forming of a Federal Government, post Saturday's
hung election result.

The freeze on spending and procurement was first reported by the Sydney
Morning Herald.

The company said in a statement that it would "continue to operate, plan
and use existing resources but would seek to minimise any discretionary
expenditure".

http://x2t.com/who_won_limbo

Cheers Don...

=====================

Be nice if they were to pay their own way from now on without any
Federal Government funds. after all they are a company, that more than
likely, rort the system. Like any other that was introduced by Labor.