Australian Apathy
Australia is no longer a society or a community.It is an economy where all resources are competed for in an open market.That open market is global.The money chases the resources to the cheapest source.
Asia is where its at regarding cost.Particulalry the cost of labour.Qantas is simply following the trend.In the process they are destoying an entity that to many people is priceless.There are not enough concerned people to make a difference.The employees are concerned.Baby boomers are concerned.Any one born after 1975 probably doesnt give two hoots.For them there is no national pride,no emotional attachment to Qantas.Its show me the money and the newest gadget for them.Its not about next week.Its about today.Short termism rules.
Qantas management are concerned about their next bonus and not the future of the airline.If the business goes belly up they walk away with a golden parachute
Leigh Clifford is an advisor to KKR.Therein lies the connection between what is happening now and where the Big Qs future lies.That future is closer than many realize.
An exit strategy for employees needs to be well underway