Monday, 16 November 2015 10:26

CBA withdrawal sign of ongoing challenge for West

Media release, November 13, 2015

The Commonwealth Bank’s decision to move jobs from Western Sydney to Redfern is a sign of much broader economic and planning issues according to the Western Sydney Regional Organisation of Councils (WSROC).

WSROC President, Cllr Tony Hadchiti, said “This is not an arbitrary decision by the Commonwealth Bank of Australia (CBA). They made a ‘commercial’ decision which included concerns about accessibility and public transport; arguably one of the major factors working against efforts to grow jobs in Western Sydney.”

“This is just one example of how state-level planning decisions can have tremendous impact on local economies,” he said.

“We acknowledge that the NSW Government is working to to identify job creation opportunities through land use planning in Western Sydney,” said Cllr Hadchiti.

“We have seen a flood of announcements including: Western Sydney Priority Growth Area, the Badgerys Creek Airport Precinct, the Sydney Science Park, and the Western Sydney Employment Area, however the failure to commit to public transport infrastructure connecting these precincts will directly undermine their ability to attract tenants and investors ,” he said.

“If the Government is serious about job creation in Sydney’s West, the first step should be to remove the infrastructure and service barriers that prevent businesses investing in Western Sydney,” said Cllr Hadchiti.

“The loss of up to 10,000 jobs from Western Sydney to Redfern will prove extremely difficult, if not impossible to replace in the short term,” he said.

“Following this outcome, the State Government must double its efforts to decentralise its agencies and relocate a substantial number of its public sector jobs (a 400,000 workforce) toWestern Sydney,” said Cllr Hadchiti.

“Local government will assist as much as it is able to make this happen,” he said. 


Media contact: Kelly-Anne Gee, 02 9671 4333 (ext. 118), 0425 871 868 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Tuesday, 17 November 2015 10:31

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