Originally Posted by
CamelSquadron
What a........
"Imagine if the money spent on share buybacks ....had been used to ....buy aeroplanes"
Fat lot of good that would do right now when aircraft are grounded.....Think before you type!!!
Those funds were being returned to shareholders - if they had not been used to buyback shares they would have been used to pay dividends - either way the cash leaves the company. QF had a target optimal debt level - any surplus funds are returned to shareholders. It turns out that QF debt level had dropped well below its targetted debt level - so it is in better shape than it otherwise would be.
Finally - employees are not saving the company by burning all their leave and entitlements - the company still has to pay out the cash for those. What employees are doing is SAVING THEIR JOBS. Because the alternative is to make the employees redundant or send them home on LWOP.
You know nothing "What The" !!!!
Yes the alternative is to make them redundant!
Well just maybe there are some(or many) that want that option but instead of being given that option are being forced to use THEIR LEAVE.
It is not the company's fault that this has happened but by not giving options to employees it gives the company every option possible,very 1 sided & very obvious how they think.