Garbo shortage fades, more female drivers behind wheel
Cleanaway shares climbed almost 5 per cent on improved profit-margin forecasts and news that it has begun to fill more of its 622 vacant truck-driving positions.
Key Points
- Cleanaway shares gained almost 5 per cent as it foreshadowed that profit margins would be on the way up over the next two years.
- CEO Mark Schubert said the number of vacant positions across the company is slowly falling, and is down from 672 in February to 622 in April.
- A Female Driver Academy has helped to alleviate the shortfall, with 166 female drivers now behind the wheel out of a total 2600 across the company.
- The step-up in migration levels over the next two years is expected to help Cleanaway keep making incremental improvements in filling vacancies.
The chief executive of Australia’s largest waste management group, Cleanaway, said a labour shortage that resulted in some managers and supervisors having to help out by driving rubbish trucks is beginning to fade.
Mark Schubert said a female-driver academy set up by the company in early 2022 had helped alleviate the shortfall, while the step-up in migration earmarked by the Albanese government would ensure continuation of the incremental improvements already made.
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