Originally Posted by
T-Vasis
I see this as an 'optics' play from Bain. The TWU are also in trouble as their 'numbers' continue to fall and the influence they can have at the airlines. The EA's at VA will need sharpening aka 'improved productivity'. This will be interesting to watch from the side on how this goes. VA needs to reduce their fuel-excluded cASK dramatically for V2.0 to be a success.
The success of V2.0 might depend upon who you ask.
Bain’s definition of a successful V2.0 would be one that can turn $3.5B into $7.0B in 3-5 years, floating an airline onto the ASX that they will have cleverly made “look good” on paper, but may actually not be.
The employees definition of a successful V2.0 would be one that survives, of course, but also provides a decent job on decent conditions.
Good management is required. Expecting EBA’s to be slashed does not necessarily need to be part of the process. Sure, find efficiencies where possible. Maybe the office head count needs to be tightly controlled - that is a far easier way of reducing CASK’s than attacking the essential front-line workers.
I agree, it will be very interesting to watch. On the other side of the fence, QF keeps talking about seeking EBA variations, although no details have yet come to light. Stand down provisions seem to provide all the flexibility they have needed to date.
Maybe instead of Carla they could recruit an ex South West executive... a classic example of a raging success without treating employees poorly.