Mr Joyce made it clear last night he was ready to act just as aggressively in the future to keep costs down, answering Mr Abbott’s call last year for the company to put its “house in order” before seeking government help.
“Now Qantas is moving into a new, accelerated phase of transformation — targeting $2 billion in cost reductions over three years,” he told the gathering. “Much of Qantas’s cost base is a legacy of 48 years of government ownership, from 1947 until 1995.
Retraining costs associated with LOFO principles IMHO have long been a prime target of LC and Alan.
Watch this space come the end of Feb.....