Telfer has it spot on. 100%.
What are my thoughts? As predicted an under-subscribed VR program. An under subscribed equity raising attempt by Qantas to the tune of $430m. Where’s the money going to come from to pay for all those VR’s now? The company doesn’t even have to take all 188 of them. Even then we are still short for numbers.
Yes it’s true I signed up under the EBA that says ‘last on first off’. I also signed up to an EBA that says you may be bypassed for CR if on LWOP. The LWOP contract confirms this.
Don’t ask me to be a sacrificial lamb. That won’t be happening. In fact, I haven’t spoken to a single SO who isn’t taking LWOP.