Originally Posted by
A little birdie
They also avoid an external entity under mining them for ever more.
And you know this because???
Do you honestly believe that if they are successful this time they won't try it on again under a new guise next time?
They reaped a great productivity reward in EA9, but still come looking for further significant gains this time because the group believed in the threat that 787 flying would go elsewhere. Given the same adversarial industrial relations environment, this will be their ploy for as long as they see a saving to be made and a bonus to secure.
In the meantime, your flying will never be secure until Qantas industrial relations change their approach to valuing the contribution their staff currently make and what they could do if genuinely supported, not used as a simple resource.
Strangely, motivated staff could perhaps even drive the share price and thus executive bonuses even higher; but that would take hard work not soft options like cost cutting and share buy-backs.
Unfortunately I see a Yes vote being recorded and many looking back in a few years and whispering "Why did we accept that without exploring all of the options?"