WE read yesterday that ,QANTAS SENIOR exec's will receive a $91 million payout, including $8 million for Darth, on their last day of employment with the "old"/legacy ( don't you just love that term) airline if the takeover goes ahead.
The payout occurs before any Qantas exec managers do one day of work for the new owners.
The payments for Qantas senior managers are in stark contrast to the ACTU concerns about the future of Qantas workers, who are not eligible for such handsome kick backs as Qantas leaves public ownership.
"Workers haven't kept pace with the consumer price index," says the
Australian Services Union's assistant national secretary, Linda White.
OK, well get ready for this bomb shell that was dropped in our laps at the SIN crew forums this week:
"There will be no more wage increases attached to the L/H EBA UNTIL there is parity/equality of pay with the O/S Bases."-Tarantula.
So in other words it will be a "vanilla EBA" with no 3% ( or whatever) over 3 years.
How long will it take to "catch up" with the Thai Base????????????
This means with a CPI running at 1.5-2% , we'll be effectively taking a PAY CUT of 1.5-2% per annum until we "catch up"!!!
WHAT THA !!!!!!!
Was any one else up there ?
what did you hear?