QF LH Tech Crew EBA voted up
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I have heard we have many senior pensioner look-alike pilots, is that true?
actually would not surprised me, cos most of the oldies in cabin crew are way pass senior pensioner age group but still unwilling to let go. (for self interest reasons, not for the betterment of Qantas as a company)
actually would not surprised me, cos most of the oldies in cabin crew are way pass senior pensioner age group but still unwilling to let go. (for self interest reasons, not for the betterment of Qantas as a company)
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Top down VR is too expensive to the Company. The current surplus is ~140 pilots so if you offer VR to the most senior pilots it will cost the company millions, not just in VR payments, but considering that one retiring 744 Captain can generate up to nine promotional slots, you can guess that isn't going to work.
Have you guys seen the list of pilots with 40 years service pinned on the noticeboard? Figure out what each one of them would cost the Company in VR!
Have you guys seen the list of pilots with 40 years service pinned on the noticeboard? Figure out what each one of them would cost the Company in VR!
Nunc est bibendum
I'm not sure how true this is but a couple of weeks back someone was suggesting that the 744 ranks still don't have enough crew to be burning through the excess leave- something like 20(ish) crew short to be able to do that. The lack of advertising of additional leave slots for the 744 would appear to give credence to that rumour although it'd be interesting to hear from any 744 crew. I wonder then if in the slots due to be advertised soon we'll see some transfers from the 767 and/or A330 to the 744. I don't expect that there would be any promotions (S/O to F/O and F/O to Captain) given the current excess in each of those ranks on other fleets.
Wouldn't that be ironic though. In a time of downturn and forced leave, promotion is still ongoing due to the numbers not being 'right' on the various fleets. Time will tell I guess.
Wouldn't that be ironic though. In a time of downturn and forced leave, promotion is still ongoing due to the numbers not being 'right' on the various fleets. Time will tell I guess.
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Don't worry Capt..
Was tongue in cheek..No way would ENOUGH of the old timers do something for those that follow...They will keep slurping away until curtain call..Naturally the "team" in residence will ensure this continues...(even if it is another year or two on 35 year "career"
We could however look to reward FO/Capt pay on the so called "harder" working fleets!! (hang on that was proposed on qroom, which necessitated taking it from the junior pilots...the same ones who will suffer to preserve the status quo...ho hum
Was tongue in cheek..No way would ENOUGH of the old timers do something for those that follow...They will keep slurping away until curtain call..Naturally the "team" in residence will ensure this continues...(even if it is another year or two on 35 year "career"
We could however look to reward FO/Capt pay on the so called "harder" working fleets!! (hang on that was proposed on qroom, which necessitated taking it from the junior pilots...the same ones who will suffer to preserve the status quo...ho hum
Sprucegoose
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Why don't we look at a Top down VR??
Could not a case be made for a young chap with say 30 years "left" to be of more value than a 60+ Captain with only a few?
Could not a case be made for a young chap with say 30 years "left" to be of more value than a 60+ Captain with only a few?
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It's rubbish to say becos the amount for redundancy payout is going to be huge, therefore the company will contemplate only the junior ones to pay less.
All redundancy payments are tax deductible for the company, in fact very favorable tax deduction for the company, so there is an incentive to pay more for redundancy expenses, you get it all back as a credit in business expense.
No matter what your redundancy payment may be for 40 years multiply by 40, it is all operating expense. There is a big incentive to do it.
Even if the entire work force went redundancy, it will still pale in comparison to the fine The European Courts will announce next month for criminal price fixing charge/ It has already been proven so no need to plead not guilty. Also Euros are double the amount in Aus dollars. Yes I am sure your team manager can explain to you what is doing the crime and doing the time. Ironically, CCTM preach to you to obey all laws and the company itself set a great example by committing a criminal act. Oh wait, it does not count cos Dixon did not know about it. What a load of cow dung.
Previous precedences included a percentage of the profit made during the period the crime was committed. In other words, whatever Qantas had issued to the market in those period about how it made this and that figures, than it is a percentage of that.
No spread out payment accepted, all up front payment and ,and yes, plus interest.
Looks like AJ might have to tapped into the 3 billion reserve that everyone at Qantas seemed to boast that no one else in the world has it except Qantas. It's only 1.5 billion Euros, the reserve in the piggy bank. And getting lesser as operating expenses exceed revenues since October last year.
On another footnote, there are many ways accounting can make it seemed like you have cash that is not even there. It is something they called unrealised revenues, and that is virtual cash but it is not there. it is bizaar but all big companies use that to make them look cash up, many have since gone to the funeral, babcock, allco, even entities such as AIG, BofA, wonder what virtual methods Qantas use to make it look cash up.
All redundancy payments are tax deductible for the company, in fact very favorable tax deduction for the company, so there is an incentive to pay more for redundancy expenses, you get it all back as a credit in business expense.
No matter what your redundancy payment may be for 40 years multiply by 40, it is all operating expense. There is a big incentive to do it.
Even if the entire work force went redundancy, it will still pale in comparison to the fine The European Courts will announce next month for criminal price fixing charge/ It has already been proven so no need to plead not guilty. Also Euros are double the amount in Aus dollars. Yes I am sure your team manager can explain to you what is doing the crime and doing the time. Ironically, CCTM preach to you to obey all laws and the company itself set a great example by committing a criminal act. Oh wait, it does not count cos Dixon did not know about it. What a load of cow dung.
Previous precedences included a percentage of the profit made during the period the crime was committed. In other words, whatever Qantas had issued to the market in those period about how it made this and that figures, than it is a percentage of that.
No spread out payment accepted, all up front payment and ,and yes, plus interest.
Looks like AJ might have to tapped into the 3 billion reserve that everyone at Qantas seemed to boast that no one else in the world has it except Qantas. It's only 1.5 billion Euros, the reserve in the piggy bank. And getting lesser as operating expenses exceed revenues since October last year.
On another footnote, there are many ways accounting can make it seemed like you have cash that is not even there. It is something they called unrealised revenues, and that is virtual cash but it is not there. it is bizaar but all big companies use that to make them look cash up, many have since gone to the funeral, babcock, allco, even entities such as AIG, BofA, wonder what virtual methods Qantas use to make it look cash up.
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The redundancy payments are the tip of the iceberg. The big costs would come when they have to replace Captains they already have, plus all the supplementary training, when the inevitable upswing occurs.
That is why redundancy is the LAST option, because it works in reverse as well for the bottom up scenario.
That is why redundancy is the LAST option, because it works in reverse as well for the bottom up scenario.
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the way things look, I believe the upswing will be very far away, let's just say it is no 2 city blocks away.
American Banks that received federal money have failed stress test. This means it is still along ways away before business confidence improve. Not only that, AIG agains reported a loss, despite so much tax money pumped in.
GM is another big worry. That's still un finish business.
Europe is so knee deep in recession it will take them no less than 2.5 years to recover and that is optimistic/
Australia? Well airlines business is dependent on overseas situations, not so much what is happening here. You could have a 90% rise in home sale and it will still do diddley to Qantas's business.
Let's not forget 1million here will be out of work. This is treasury forecast.
We still have no positive confirmation Swine flu is completely and utterly eradicated. what if it strikes back in a few months with thousands casualty? hows that going to affect airlines?
American Banks that received federal money have failed stress test. This means it is still along ways away before business confidence improve. Not only that, AIG agains reported a loss, despite so much tax money pumped in.
GM is another big worry. That's still un finish business.
Europe is so knee deep in recession it will take them no less than 2.5 years to recover and that is optimistic/
Australia? Well airlines business is dependent on overseas situations, not so much what is happening here. You could have a 90% rise in home sale and it will still do diddley to Qantas's business.
Let's not forget 1million here will be out of work. This is treasury forecast.
We still have no positive confirmation Swine flu is completely and utterly eradicated. what if it strikes back in a few months with thousands casualty? hows that going to affect airlines?
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Keg, Qantas has only just released the leave list and they are working on yet another flying plan. The word from allocations (horses mouth) is the pilots will be offered slots on the 737. The only time you would transfer any 767 pilots to the 330/ 744 is when all leave has been burnt, it is cheaper this way.
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Quote-
"We still have no positive confirmation Swine flu is completely and utterly eradicated. what if it strikes back in a few months with thousands casualty"
__________
What about if you start taking your medication.
"We still have no positive confirmation Swine flu is completely and utterly eradicated. what if it strikes back in a few months with thousands casualty"
__________
What about if you start taking your medication.
The lack of advertising of additional leave slots for the 744 would appear to give credence to that rumour although it'd be interesting to hear from any 744 crew
There has been a steady dribble of guys still going to the 737/767 in the past few months (probably all finished now) with no new S/Os so maybe things are moving a little bit closer to the ideal establishment.
Don't overlook the 3 744's that will be parked soon. (1 at Avalon, 2 in the desert.)
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B747 Leave
Keg,
Given that since the demise of the Classic the old B744 designation has become B747, my take is that they are offering (or looking at offering) additional leave on the Jumbo. (NTFS 45/09)
The lack of advertising of additional leave slots for the 744 would appear to give credence to that rumour
Nunc est bibendum
Fair enough Gary. I had a look at the website and it showed lots of annual leave being promulgated for the 767 but 45/09 isn't showing up in NTFS. I must be missing something! 
