The ‘lucky’ LME: the mediation of globalizing effects on employment relations in the Australian auto assembly and retail banking industries

Abstract

In liberal market economies such as Australia, we generally expect that global pressures will lead to an increasingly deregulated employment relations system reliant on market mechanisms. However, case study evidence from the Australian auto and banking industries shows that employment relations practices vary considerably by sector. In comparing developments in pay systems, skill formation and enterprise governance in both industries, we are able to contrast a rather stable and coordinated approach in place in the auto industry with an increasingly decentralized and deregulated approach in banking. In both industries, employment relations have been significantly influenced by the government's industry policies.

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