PPRuNe Forums - View Single Post - Virgin Blue to shed 400 jobs ....
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Old 18th Feb 2009, 09:41
  #25 (permalink)  
coaldemon
 
Join Date: Jan 2004
Location: melbourne
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It is always interesting to hear the old conspiracy theories coming out about manipulation of events to reduce conditions. The Mining sector has shed over 50,000 jobs over the last 6 months and I bet that was just so they can rehire them on lower conditions. No the real reason is that the mine is unviable because the commodity prices have tanked along with the world economy. Looks like there are too many seats in the domestic market so reducing capacity would be a smart idea for a board to implement. Unfortunately people will lose their jobs because of it. So what would you learned people do then? Lose your job and go on unemployment or take a V Oz FO/CRFO position to at least have something?
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