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BIG Announcement coming from QF?

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BIG Announcement coming from QF?

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Old 12th Feb 2012, 01:42
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Angel BIG Announcement coming from QF?

Mrs C's just phoned during enroute stopover.

She asked me if I had any idea of the big announcement from QF, supposedly this week. Senior Management made to sign confidentiality agreements, lesser management in the dark.

All according to her friend's, mate's, next door neighbour's brother, who I think is related to the Townsville Refueller.

Any other whispers out there?
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Old 12th Feb 2012, 01:53
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Ordered a bunch of 777s?
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Old 12th Feb 2012, 02:11
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16th apparently. Not supposed to be good for mainline. What that means I don't know.
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Old 12th Feb 2012, 02:19
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Darth and his thugs in a private equity bid for Jetstar .... or maybe it's just 2012 interim report....either way, no doubt it's bad for mainline
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Old 12th Feb 2012, 02:32
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FRA and JFK gone?
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Old 12th Feb 2012, 02:43
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A facebook rumour page seems to indicate from a variety of people it will be the announcement of the MH tie-up/RedQ plans, AJ apparently in KL last week to seal the deal...

Last edited by dr dre; 12th Feb 2012 at 02:54.
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Old 12th Feb 2012, 02:43
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16th is when the half yearly results are announced (10am presser). Yes, confidentiality agreements have been signed, the last time that happened was August last year.

Sounds like the drastic changes won't be changes in flying but job cuts elsewhere. Interesting to find out where they are and if they are involving any areas involved in the union dispute.
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Old 12th Feb 2012, 04:19
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FRA gone for sure and perhaps BKK as well now there is no thru traffic to LHR.

But the number of blunts at Mascot to service an ever decreasing network continues to grow at an exponential rate.

With seven 747-400's being retired this year now the ratio of staff per airframe in Qantas (already the highest in the world) with increase even further.

550 million being spent on a 'new corporate home' at Mascot barely rates a mention in this forum and in the mainstream media, but is another tangible symptom of how whilst engineers, pilots and cabin crew continue to be 'overpaid pollution', costs other then operational are a necessary business expense and cannot be touched.
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Old 12th Feb 2012, 04:23
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My guess is that it will something to do with what wa mentioned last year during the LAME EBA negotiations

Notice 044/2011 - Qantas LAME Members - EA Update August 18

A breakdown of the redundancies was explained with the following impact on Engineering.* Qantas advised us that the changes take effect from April 2012 and may not all necessarily be voluntary.

20-30 in Base Maintenance Sydney due to the retirement of 4 x 747-400 aircraft.

128 LAMEs across the country due to the commencement of maintenance on demand.

40 transfers in Sydney to Base maintenance due to maintenance on demand.

Qantas were unclear on how 40 Domestic and International LAMEs would be transferred to Base considering redundancies were also occurring there.* From today’s meeting we were left under the impression that 188-198 LAMEs will be made redundant in total.
200 redundant lames is my guess for 1 component of this super secret upcoming announcement.
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Old 12th Feb 2012, 05:38
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Capt Claret, glad to see Mrs C is in the loop. CSM showed us an email they received from headquarters regarding AJs salary and comparing his total package to Gail Kelly from westpac and marius Kloppers from BHP. Seems from the email Aj's apparently hard done by.
Unfortunately there wasn't any where you could reply that if he didn't like it, he should leave. I'm sure he'd have plenty to offer cash converters if they are looking for a new ceo.
I couldn't work out why pilots and engineers weren't included in the loop.
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Old 12th Feb 2012, 07:08
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CSM showed us an email they received from headquarters regarding AJs salary and comparing his total package to Gail Kelly from westpac and Marius Kloppers from BHP. Seems from the email Aj's apparently hard done by.
Westpac: "Net profit attributable to owners for First Half 2011 was $3,961 million... (Half Year $3.96 Billion)" Gail Kelly salary $9.5 mill.

BHP - Billiton: "BILLITON has underlined the boom in mining, nearly doubling profits for the second year running to post an Australian earnings record of $US23.6 billion (Full Year $22.48 billion)." Marius Kloppers salary $US10.4 mill.

Qantas: "Qantas has reported a $250 million profit just a week after announcing plans to lay off 1,000 workers. The airline has doubled its statutory net profit since last year, despite natural disasters wiping $224 million from its result." Alan Joyce salary $5+ million.

I would not have thought Mr Joyce/Qantas would be mentioned in the same sentence as Messrs Kelly/Westpac and Kloppers/BHP-Billiton, although the salaries appear out of proportion to the company financial results....

Bit like comparing an overpriced Datsun 120Y with a Bugatti Veyron?
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Old 12th Feb 2012, 07:36
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So if you're relating it to profit he is either grossly overpaid or incompetent. Seems a little bit of both! Actually a lot of both!
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Old 12th Feb 2012, 08:16
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QF international will be losing more money this FY than they did last year will be part of the message. I wonder how much the company induced grounding contributed to that though.
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Old 12th Feb 2012, 09:11
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As I said in another thread, leprec**t was seen leaving Sydney on a Malaysian flight early last week. The same day that the feed the homeless event was on.

Coverage showed leprec**t doing his bit. You wonder whether the media unit asked them to show him especially given that he didn't do the sleep out last year when borghetti got good coverage.

My tsingtao's are on a Malaysian tie up.
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Old 12th Feb 2012, 10:20
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Joining Kell and Rigby and Alcoa with the begging bowl? If the TSV refueller says it, your on the money. Never known them to be wrong.
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Old 12th Feb 2012, 12:41
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Well, there's definitely something in the wind. After being quiet since before Christmas our Dear Leader has stuck himself front and centre on 'The Australian' website.

Alan Joyce in call to fight 'bully' unions | The Australian

I can't get through the paywall but if someone else can please cut and paste. The softening up process has clearly started.

P.S. It's funny how the great unwashed are supposed to accept globalised conditions from India while the very few get globalised conditions from the highest echelons of Wall Street excess. Alan, you are a hypocrite.
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Old 12th Feb 2012, 16:06
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Well, there's definitely something in the wind.

I can't get through the paywall but if someone else can please cut and paste. The softening up process has clearly started.
Well, there's definitely something in the wind alright

QANTAS chief executive Alan Joyce has accused "bullying" unions of trying to unwind measures that have made Australia an open and competitive economy, and warned that a protectionist push by the labour movement could lead to more corporate failures and job losses. "Some of the union movement in this country do not realise how open the world has become, how global we've become, how competitive it's become," Mr Joyce told The Australian.
"There is this view I think out there by some of them that somehow we can go back to the pre-liberalisation and protectionism - put back in protectionism, protect industries. We know that's not the case."
Mr Joyce, who is today named as The Australian's most influential business leader, said that in fiercely competitive industries such as aviation, companies that were not "fit and capable and competitive will not survive".
He said his decision last year to ground the entire Qantas fleet to break a dispute with the unions had been positive for the airline, and its core corporate customers quickly returned to the carrier.



High-flyer with guts aplenty

The Australian - Top 50 2012 Business


Most influential in business

"There was a feeling that somebody needed to stand up to the bullying and what was taking place with the union movement," Mr Joyce said.
As big business gears up its push for industrial relations reform and grows increasingly concerned about the move back to protectionism, the federal government has shifted its language about support for manufacturing industry by warning manufacturers not to expect taxpayers to underwrite exchange rate risks.
Industry Minister Greg Combet yesterday urged manufacturers to change to survive, while Wayne Swan said businesses affected by the high Australian dollar must find new markets and new products. The comments were a shift in rhetoric understood to have come about after criticism Labor was willing to subsidise manufacturing with no strings attached. Mr Combet said economic reform in the past 25 years had meant many people changed jobs. "The government will be looking to the economy making the shift in its competitiveness, becoming more productive, and for the manufacturing sector that means new technologies, heavier investment in research and development, and heavy investment in skills," he told the ABC's Insiders program.
The Treasurer gave a similar message in his weekly note.
"The affected businesses will need to do more to adapt, to improve their efficiency, to spot new opportunities, to find new markets and design new products," Mr Swan wrote.
Business is becoming increasingly vocal about its concerns over the government's industrial relations laws and perceived embrace of protectionist measures.
The Business Council of Australia policy committee, chaired by Wesfarmers boss Richard Goyder, and whose members include Microsoft Australia boss Pip Marlow, met last week to discuss the BCA's position on the Fair Work Act before the review announced by Workplace Relations Minister Bill Shorten closes on Friday.
The BCA also warned that laws to be introduced to parliament making it harder for foreign vessels to operate in Australia's coastal shipping trade, and giving tax incentives to Australian-registered vessels, could lead to higher costs and poorer service.
"Businesses will have an incentive to choose alternative land-based transport options or even to source products from overseas rather than manufacture products in Australia and ship interstate," the BCA says in a submission on the draft reforms.
"As a price-taker for most products in global markets, any increase in domestic transport costs not able to be passed on by Australian businesses results in lower domestic profits and lower capacity to pay wages to workers."
The BCA is urging the government to refer the proposal to the Productivity Commission.
Mr Joyce hit out at a push by independent senator Nick Xenophon and Greens leader Bob Brown to force changes to the Qantas Sale Act as an instance of politicians and unions focusing on domestic need.
"This was all under the guise of protection of Australian jobs, when we know it's going to be negative for Australian jobs," the Qantas boss said.
On the opposition to Jetstar's Asian hub strategy, he said: "If you listen to some of the political leaders and the unions, they would have the view this is somehow negative for Australian jobs. It's absolutely the opposite."
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Old 12th Feb 2012, 20:20
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Dear Alan,

When you have an original thought and not just regurgitate the crap pushed down your throat by Clifford you may gain some real respect. You have approximately 30000 employees who mostly despise you and your cronies. Winning their trust would be worthy of an award. Not this right wing wank award from another corrupt Rupert newspaper.

Last edited by What The; 12th Feb 2012 at 23:13. Reason: Got my wings mixed up. Thanks whatever
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Old 12th Feb 2012, 20:26
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My money is on red q not happening and AJ resigning.
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Old 12th Feb 2012, 21:13
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Hmmm, confidentiality agreements would suggest a material change to the structure and hence value of the company thus stock trading, not merely keeping mum!
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