Australia's industrial relations policies prevent it from 'competing globally': BHP C

BHP Chief Executive Mike Henry takes aim at Australia’s policy settings preventing it from competing globally and hindering its “long term” capabilities. BHP has taken issue the new industrial relations proposed by the Labor government, which could result in a $1.3 billion jump in its wage payments. “We’ve been clear and vocal for a number of years about for the need for Australia to maintain policy settings that enable it to compete globally,” Mr Henry told Sky News Business Editor Ross Greenwood. “We’re not just focused here on the resources sector or BHP; we’re talking about the economy more broadly. “Our concern about some of the policies that are being put in place right now is that they bring in extra costs, less flexibility and certainly no productivity improvement. “That trend isn’t going to be good for Australia in the long term.”