An interesting (to me, anyway) article:
A Naked Conflict Between Profits And Wages | newmatilda.com
Thanks for the link. I found this paragraph interesting.
But is Qantas’ new low-cost Asian strategy necessarily the right one? And is it necessarily bad for unions to have a seat at the management table? The hard-line economists and management theorists say no, of course. And yet in Germany, all companies with more than 500 employees must have staff representatives on their board as a matter of law. Despite this, Germany still manages to be an industrial and manufacturing powerhouse.
Perhaps as part of the arbitration Qantas staff gets a seat on the board without buying shares ? Hmmm , 'they' wouldn't like that at all ... perhaps Cosgrove could bow out in the interests of the employees and give his board seat to the workers ? What do you think ?