Bus Tie Breaker
What REAL gains are made by sacking staff in times like this?
None, it is either a zero or negative sum game.
Looks good on the financials, as the loss of human capital, corporate memory and skills and can't be shown on the balance sheet.
Worse the "savings" the company makes are actually just a ransfer od cost from the private and public purse and in any event the cost of recruitment and retraining and resizing when it all comes good wipes out any "apparent" saving.
Having said that, the strict corporate governance now required and the voracity and short term view of the stock market = minutes
and the institutions who control the lhuge loan capital airlines require, forces companies like QF to service their needs not the staff.
I am certain that Geoff understands that very well but is stuck between that rock and a hard place.
And he is not being cute when he says that its the future longevity of the organisation that is the overiding concern.
Life is not a perfect place.