Former Ansett workers settle payments dispute
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ACTU Welcomes Proposed Ansett Settlement
25 November 2003
The agreement over Ansett workers’ entitlements proposed today in the Federal Court, if approved by the Court, represents a major achievement by the Ansett administrators, the ACTU and unions, who have now secured approximately $550 million out of $760 million owed to 15,000 former Ansett workers, said ACTU Secretary Greg Combet.
“This is good news for former Ansett workers” said Mr Combet.
“Ansett workers still owed money from the collapse of the airline will receive another $150 million if today’s settlement of a long-running dispute over superannuation funds is approved by the court,” he said.
To date workers have received an average payment of around 52 cents in the dollar. The proposed release of further funds will raise this to 71 cents in the dollar.
“If the agreement is approved, we are hopeful that thousands of Ansett workers will receive their money by early in the New Year, and possibly as early as Christmas,” Mr Combet said.
“This would represent a major breakthrough for the workers, although many still hope to receive the full amount they are owed.”
The proposed agreement follows negotiations between the Howard Government, the Ansett administrators, the Ansett Ground Staff Super Fund, and the ACTU. Mr Combet acknowledged that an important factor in reaching agreement had been compromise by the Government.
Mr Combet said the administrators and unions would now work to secure up to 85 cents in the dollar for workers, but that would depend on the sale of aircraft which could take at least two years.
“The ACTU will continue to campaign for workers to receive all they are owed. If the Government makes a profit from the Ansett ticket tax, we will continue to argue that this should be paid to Ansett workers,” said Mr Combet.
The agreement over Ansett workers’ entitlements proposed today in the Federal Court, if approved by the Court, represents a major achievement by the Ansett administrators, the ACTU and unions, who have now secured approximately $550 million out of $760 million owed to 15,000 former Ansett workers, said ACTU Secretary Greg Combet.
“This is good news for former Ansett workers” said Mr Combet.
“Ansett workers still owed money from the collapse of the airline will receive another $150 million if today’s settlement of a long-running dispute over superannuation funds is approved by the court,” he said.
To date workers have received an average payment of around 52 cents in the dollar. The proposed release of further funds will raise this to 71 cents in the dollar.
“If the agreement is approved, we are hopeful that thousands of Ansett workers will receive their money by early in the New Year, and possibly as early as Christmas,” Mr Combet said.
“This would represent a major breakthrough for the workers, although many still hope to receive the full amount they are owed.”
The proposed agreement follows negotiations between the Howard Government, the Ansett administrators, the Ansett Ground Staff Super Fund, and the ACTU. Mr Combet acknowledged that an important factor in reaching agreement had been compromise by the Government.
Mr Combet said the administrators and unions would now work to secure up to 85 cents in the dollar for workers, but that would depend on the sale of aircraft which could take at least two years.
“The ACTU will continue to campaign for workers to receive all they are owed. If the Government makes a profit from the Ansett ticket tax, we will continue to argue that this should be paid to Ansett workers,” said Mr Combet.
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They will profit from the misery that they helped create,in financial numbers but in the longer term people may realize that what happend was the Pom took a couple of billion out of Aussie to leave behind a lesser product than what already existed(just a bit of facilitation by our pollies could have saved a lot) even Air NewZealand may have had to pay the full bill instead of getting off so light for so much damage and in fact what a stupid decision by all concerned to allow them to rack up the debt to put their name on the second half of the company.I look forward to ANZ getting what they gave to Ansett and I reackon its on its way.
