PPRuNe Forums - View Single Post - MERGED: Qantas grounded effective immediately.
Old 30th Oct 2011, 10:27
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flying lid
 
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Globalisation ??!!?? - Just watched, here in UK, a Russia Today (RT) news channel report regarding the plight of Japan. While not specific to Qantas, it has similar overtones.

Something smells fishy in Japan's economy — RT

“Japanese industry can probably endure the current 75-yen-to-the-dollar level for a little while,” says House of Councillors member Yoichi Kaneko. “But if this situation doesn’t change over a longer period, I think we’re going to see Japanese factories and large companies move their operations overseas – to places like Vietnam, Thailand, or China. This would lead to a hollowing out of Japanese domestic industry and create unemployment. Japan is facing an extraordinary economic crisis.”

Now the Aussie dollar is stronger than the Yen, but what's happening at Qantas is happening all around the world, in every industry, right now, and at an ever increasing pace.

I don't know the answer, except to shoot the bastards (CEO's / Politicians / Bankers) dead.

Anyway, good luck to all.
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