As an instructor in the mid 80's I took a group of student pilots to the QF Jet Base at Mascot, for a tour of said facility.
At the time QF (pre merger with Australian) boasted a world leading engine maintenance facility, and if memory serves, they also boasted the world record
time on wing of 747 engines (Pratts back then I think).
QF can no longer make such claims, or sadly, boast much in the way of world leading. This fall has been overseen by management, who don't seem to me to have the best interests of the company at heart. It seems much more like they have the best short term interests of their own bonus and/or pay rise at heart, and the long term future of the organisation and the bulk of employees, gets nary a look in.
Further it seems that QF is being positioned by successive management groups to be plundered as Ansett was under TNT/News Corp.
Australia loses.