Maybe QF should have taken a leaf from Ken Grenda, of Grenda Bus Corporation in Melbourne. When he sold the family business to Venture he gifted the staff a pool of $16 million to say thanks. The money was distributed based on time in service with some employees getting $100,000. Some staff members having 40-50 years at the company. The company was bought as a going concern, so these were not redundancy payments, just thanks.
"A business is only as good as its people and our people are fantastic," said the senior Mr Grenda, who has been dubbed the ''best'' and ''most generous'' boss in Australia.
"We have had people here who are second generation, and one fellow in the same job for 52 years.''
Unfortunately in aviation the quote would probably be more along "A business is only as good as it's CEO and employees are a cost to be smashed down to minimums"