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Western Sydney Loses Smart Jobs for the Next Generation

Release Date: 13/11/2015
The Sydney Business Chamber is disappointed the Commonwealth Bank hasn’t seen the opportunity available at Parramatta to grow smart jobs in Western Sydney and has instead decided move the bulk of its workforce into the inner west.
The Western Sydney Director of the Sydney Business Chamber, David Borger said, “This decision will leave large gaps in the commercial office markets of Parramatta and Sydney Olympic Park.
“There is no clear vision for technology in Sydney’s west and we had hoped the Bank would be part of developing and growing a new knowledge jobs hub. 
“Ten years ago the Commonwealth Bank also showed great foresight when it developed new buildings in Parramatta and Sydney Olympic Park, and became the single largest ­tenant in each of these centres.
“A decade on and the bank has thwarted a chance to employ a new generation of Western Sydney employees in jobs close to home."
“Right now, the heartland of Western Sydney’s smart jobs starts in the Westmead Precinct, with a full time workforce of over 12,000 and 1,000 scientists working in Hawkesbury Road.
“25,000 workers are expected by 2036, if the Bays precinct can have a vision for tech jobs then so should Westmead to Sydney Olympic Park.
“We are calling for a summit on smart jobs in Western Sydney.
“Our region faces an enormous jobs deficit and we need high value, high skills jobs to reduce this deficit.
“Now is the time to start planning for the next generation, residents of Western Sydney should be able to enjoy the same job opportunities that have been always been available to the rest of Sydney,” said Mr Borger.
Media contact: David Borger 0408 239 262 or Kate Bryant 0424 186 367

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