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Old 15th Jan 2002, 03:30
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apacau
 
Join Date: Oct 2001
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Well it seems more of a done-deal now... From ABC news:

Ansett employees agree to profit-sharing deal

Ansett employees have entered into a profit-sharing deal with the Fox-Lew syndicate, Tesna.

The airline's new owners reached an agreement with the ACTU to provide the 4,000 employees with a 5 per cent share in profits.

The ACTU's Richard Watts says agreement has not yet been reached on employee entitlements, but he says the meeting yesterday was constructive.

Mr Watts says the profit-sharing deal is a groundbreaking achievement.

"The ACTU is happy to have a process where employees have an equity in the company, a share in the company and they derive from the benefits of their hard work and it's a question of how those arrangements work and whether they work equitably," he said.

"We're more than happy about the arrangements that have been proposed and negotiated with the new owners, as such they establish a new benchmark for employee ownership in Australia."
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