Originally Posted by
dr dre
Another reason why they aren’t in trouble, they’ve just announced a Voluntary Redundancy program for most of their staff. The cost of which would be in the hundreds of millions of dollars. If they’re facing oblivion by December why then over the next few months do they feel comfortable enough to be handing out thousands of golden handshakes?
Even VA in 7 billion plus debt found the money to payout CR to its entire New Zealand operation and most of its Tiger fleet and then go into VA. I wouldn’t take having the money to pay out CRs or VRs as a sign of company health. I’m not saying Qantas are anywhere near that but some corporate savvy accountants are doing the sums here and not wasting an opportunity. As has been mentioned a few hundred million is a rounding error to the red rat.
just hoping for the best for everyone and if you get a knock back email from Dominos as I did, frame it and hang it on the wall!