Qf LAME EBA Negotiations Begin
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Business is business
We are all use to the moans and groans from Management about the challenges ahead. Well the truth is, that's business. Whether it's a Mining Tax, Carbon Tax, Milk price War or cheap foreign imports all 'business' has competition and industrial challenges.
I don't cop the Armageddon spin AJ and his band of inept managers are throwing around, here's why.
In 2000 Qantas reported Net Passenger Revenue (NPR) of $6,975.6m - Manpower expenses reported in the annual report were 32.9% of this figure. In 2010 Qantas reported NPR of $10,938m, management delivered an improved NPR of 56% in 10yrs.
2010 manpower expenses were 31.1% (of NPR) or a saving of $196.9m. This is a reduction of 5.4% in real terms or 1.8% when compared to NPR. That could be for a number of reasons, foreign employees on local wages, Jetstar wages model, employees wages reduced in 'real' terms.
So 'we' delivered a saving to the company.
At the same time CEO remuneration increased 26.3% while the CPI rose from 126.2 to 172.1 or 26.7%, the CEO $$$ stayed just 0.4% behind the change the cost of living. LAME wages increased 24.1% in the same period (includes one grade jump from EBA 8). Unfortunately we've gone back 2.2% when compared to the CPI change. Somehow the claims of 'outrageous wages grab' doesn't seem to have any history from these figures?
I think our wages claims and the pilots claims are reasonable and this team of inept management best take a long hard look at their game plan. HOW IS JOB SECURITY AN ISSUE IN A COUNTRY WITH A SKILLS SHORTAGE?? Aviation prices will always fluctuate, tourism will wane with sentiment, extraordinarily events will continue yet the recent team of management sound like US evangelical broadcaster Harold Camping.
Team AJ need to reconsider the value they place on there employees, the best way to extract output and efficiencies from there employees, the true cost of disengagement vs engagement, the best way the protect brand equity, and what type of management has delivered a profit to shareholders in the last 20 years to Qantas.
I don't think it's rocket science but these buffoons are spinning the public a good story to cover there inability to handle the competitiveness of business Downunder. I say downunder because we aren't Europe, IMHO LCC's have a limited capacity and position in our the market and you won't beat the Asian's playing mahjong. play your own game.
I don't cop the Armageddon spin AJ and his band of inept managers are throwing around, here's why.
In 2000 Qantas reported Net Passenger Revenue (NPR) of $6,975.6m - Manpower expenses reported in the annual report were 32.9% of this figure. In 2010 Qantas reported NPR of $10,938m, management delivered an improved NPR of 56% in 10yrs.
2010 manpower expenses were 31.1% (of NPR) or a saving of $196.9m. This is a reduction of 5.4% in real terms or 1.8% when compared to NPR. That could be for a number of reasons, foreign employees on local wages, Jetstar wages model, employees wages reduced in 'real' terms.
So 'we' delivered a saving to the company.
At the same time CEO remuneration increased 26.3% while the CPI rose from 126.2 to 172.1 or 26.7%, the CEO $$$ stayed just 0.4% behind the change the cost of living. LAME wages increased 24.1% in the same period (includes one grade jump from EBA 8). Unfortunately we've gone back 2.2% when compared to the CPI change. Somehow the claims of 'outrageous wages grab' doesn't seem to have any history from these figures?
I think our wages claims and the pilots claims are reasonable and this team of inept management best take a long hard look at their game plan. HOW IS JOB SECURITY AN ISSUE IN A COUNTRY WITH A SKILLS SHORTAGE?? Aviation prices will always fluctuate, tourism will wane with sentiment, extraordinarily events will continue yet the recent team of management sound like US evangelical broadcaster Harold Camping.
Team AJ need to reconsider the value they place on there employees, the best way to extract output and efficiencies from there employees, the true cost of disengagement vs engagement, the best way the protect brand equity, and what type of management has delivered a profit to shareholders in the last 20 years to Qantas.
I don't think it's rocket science but these buffoons are spinning the public a good story to cover there inability to handle the competitiveness of business Downunder. I say downunder because we aren't Europe, IMHO LCC's have a limited capacity and position in our the market and you won't beat the Asian's playing mahjong. play your own game.
Alternative Options?
It was Dixon dicing three years ago at the last negotiations. This time it is Joyce jousting and its the same old thing all over again. These guys aren’t worth giving the time of day, and certainly should not to be given the benefit of your expertise, considering the poor remuneration that is on offer.
Perhaps it is time for a sea-change to eliminate such worthless cretins from your life? The mining industry is begging for engineers and workers of all sorts. I heard on ABC radio the other day that the average wage for a worker in the mining industry was $107,000 last year.
Here is a link to 950 vacancies in mining and oil with wages starting at $150,000 and going to $200,000+. Some of these jobs may require on the job learning and studious study on your part...but, what the heck.
SEEK - Job Search - Find jobs using multiple job search options
It was Dixon dicing three years ago at the last negotiations. This time it is Joyce jousting and its the same old thing all over again. These guys aren’t worth giving the time of day, and certainly should not to be given the benefit of your expertise, considering the poor remuneration that is on offer.
Perhaps it is time for a sea-change to eliminate such worthless cretins from your life? The mining industry is begging for engineers and workers of all sorts. I heard on ABC radio the other day that the average wage for a worker in the mining industry was $107,000 last year.
Here is a link to 950 vacancies in mining and oil with wages starting at $150,000 and going to $200,000+. Some of these jobs may require on the job learning and studious study on your part...but, what the heck.
SEEK - Job Search - Find jobs using multiple job search options
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On another post, it was highlighted, the interesting relationship our Chairman has with a private equity firm.
Draw your own conclusions.
KKR Announces Appointment of Leigh Clifford as Senior Advisor
Former Rio Tinto CEO and Current Qantas Chairman to Advise Firm in Australia
SYDNEY, Australia, January 4, 2009 - Kohlberg Kravis Roberts & Co. ("KKR") today announced that it has appointed Leigh Clifford, current Chairman of Qantas Airways Limited and former Chief Executive of Rio Tinto, as a Senior Advisor to the Firm.
"Leigh brings a global network, management acumen and experience and an understanding of public policy. He will be an immediate asset to KKR's Australian and international operations and we are delighted he is joining our team," George R. Roberts, Co-Founder of KKR said today.
Mr. Clifford, 61, has more than 30 years of corporate experience within Australia and internationally. He is currently Chairman of the Board of Qantas Airways Limited, a position he has held since November 2007. He was Chief Executive of Rio Tinto from April 2000 to April 2007, stepping down from the Board on April 30, 2007. His executive and board career with Rio Tinto spanned 37 years and included operational and marketing roles in Australia and overseas. His role of Senior Advisor to KKR is effective from January 1, 2009.
"KKR has a proven track record of building long-term, sustainable value in the enterprises in which it invests while also delivering solid returns for investors. Given the demand for both capital and operational expertise right now, I am proud to join a team equipped to deliver both, and I look forward to helping identify opportunities for investors while partnering with managers to strengthen businesses in Australia," Mr. Clifford said.
Since 2006, KKR has been building its Australian franchise, led by KKR Member Justin Reizes. The Firm has two investments in Australia: BIS Industries Ltd. (BIS), a leading outsourced supplier of on-site and off-site materials handling and logistics services to the minerals, metals, and coal mining sectors; and Seven Media Group, one of Australia's leading media companies. KKR acquired both companies in 2006.
Mr. Reizes said: "Leigh's appointment introduces to Australia our global strategy of adding highly experienced senior advisors in our operating countries. Our senior advisors are part of our integrated model of value creation. They complement the expertise of KKR investment professionals and our operational executives at KKR Capstone by providing us with additional strategic counsel. Leigh's operational experience brings with it immediate and valuable insight for our portfolio companies in Australia, particularly BIS."
Mr. Clifford lives in Melbourne, Australia and is also Director of Barclays Bank plc and the Murdoch Children's Research Institute as well as a Member of the Bechtel Board of Counselors. Formerly, he served as Chairman of the Council of Mining and Metals, the Coal Industry Advisory Board of the International Energy Agency and as a Director of Freeport-McMoRan Copper & Gold Inc. He holds a Bachelor of Engineering and a Master of Engineering Science from the University of Melbourne.
Mr. Clifford joins KKR's expanding global network of Senior Advisors, including: Sanjiv Ahuja, former Chief Executive Officer of Orange SA; Sir John Bond, former Group Chairman of HSBC Holdings plc; John E. Bryson, former Chairman and Chief Executive Officer of Edison International and former Chairman of the California State Water Resources Control Board; Liu Chuanzhi, founder of the Lenovo Group and President of Legend Holdings; David Cote, Chairman and Chief Executive Officer of Honeywell; Bruce W. Duncan, Chairman of Starwood Hotels & Resorts Worldwide; George M.C. Fisher, former Chairman and CEO of Eastman Kodak and Motorola; Joe W. Forehand, former Chairman and CEO of Accenture; Yoshiharu Fukuhara, Honorary Chairman of Shiseido Co., Ltd; Paul M. Hazen, former Chairman and CEO of Wells Fargo; R. Clint Johnstone, former Director and CFO of the Bechtel Group; Louis Kang; Paul Norris, non-executive Chairman and former CEO of W.R. Grace & Co.; Gianemilio Osculati, Chairman of Valore S.p.A. and former Chairman of McKinsey's Mediterranean Complex; Lee R. Raymond, former chairman and CEO of ExxonMobil; Edward Tian Suning, Founder and Chairman of China Broadband Capital Partners, L.P., and Vice Chairman and former CEO of China Netcom Group.
About KKR
Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm's franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (NYSE Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington, DC, London, Paris, Hong Kong, Beijing, Tokyo and Sydney. More information about KKR is available at: KKR: Kohlberg Kravis & Roberts: Henry Kravis & George Roberts: Who Are We.
Draw your own conclusions.
KKR Announces Appointment of Leigh Clifford as Senior Advisor
Former Rio Tinto CEO and Current Qantas Chairman to Advise Firm in Australia
SYDNEY, Australia, January 4, 2009 - Kohlberg Kravis Roberts & Co. ("KKR") today announced that it has appointed Leigh Clifford, current Chairman of Qantas Airways Limited and former Chief Executive of Rio Tinto, as a Senior Advisor to the Firm.
"Leigh brings a global network, management acumen and experience and an understanding of public policy. He will be an immediate asset to KKR's Australian and international operations and we are delighted he is joining our team," George R. Roberts, Co-Founder of KKR said today.
Mr. Clifford, 61, has more than 30 years of corporate experience within Australia and internationally. He is currently Chairman of the Board of Qantas Airways Limited, a position he has held since November 2007. He was Chief Executive of Rio Tinto from April 2000 to April 2007, stepping down from the Board on April 30, 2007. His executive and board career with Rio Tinto spanned 37 years and included operational and marketing roles in Australia and overseas. His role of Senior Advisor to KKR is effective from January 1, 2009.
"KKR has a proven track record of building long-term, sustainable value in the enterprises in which it invests while also delivering solid returns for investors. Given the demand for both capital and operational expertise right now, I am proud to join a team equipped to deliver both, and I look forward to helping identify opportunities for investors while partnering with managers to strengthen businesses in Australia," Mr. Clifford said.
Since 2006, KKR has been building its Australian franchise, led by KKR Member Justin Reizes. The Firm has two investments in Australia: BIS Industries Ltd. (BIS), a leading outsourced supplier of on-site and off-site materials handling and logistics services to the minerals, metals, and coal mining sectors; and Seven Media Group, one of Australia's leading media companies. KKR acquired both companies in 2006.
Mr. Reizes said: "Leigh's appointment introduces to Australia our global strategy of adding highly experienced senior advisors in our operating countries. Our senior advisors are part of our integrated model of value creation. They complement the expertise of KKR investment professionals and our operational executives at KKR Capstone by providing us with additional strategic counsel. Leigh's operational experience brings with it immediate and valuable insight for our portfolio companies in Australia, particularly BIS."
Mr. Clifford lives in Melbourne, Australia and is also Director of Barclays Bank plc and the Murdoch Children's Research Institute as well as a Member of the Bechtel Board of Counselors. Formerly, he served as Chairman of the Council of Mining and Metals, the Coal Industry Advisory Board of the International Energy Agency and as a Director of Freeport-McMoRan Copper & Gold Inc. He holds a Bachelor of Engineering and a Master of Engineering Science from the University of Melbourne.
Mr. Clifford joins KKR's expanding global network of Senior Advisors, including: Sanjiv Ahuja, former Chief Executive Officer of Orange SA; Sir John Bond, former Group Chairman of HSBC Holdings plc; John E. Bryson, former Chairman and Chief Executive Officer of Edison International and former Chairman of the California State Water Resources Control Board; Liu Chuanzhi, founder of the Lenovo Group and President of Legend Holdings; David Cote, Chairman and Chief Executive Officer of Honeywell; Bruce W. Duncan, Chairman of Starwood Hotels & Resorts Worldwide; George M.C. Fisher, former Chairman and CEO of Eastman Kodak and Motorola; Joe W. Forehand, former Chairman and CEO of Accenture; Yoshiharu Fukuhara, Honorary Chairman of Shiseido Co., Ltd; Paul M. Hazen, former Chairman and CEO of Wells Fargo; R. Clint Johnstone, former Director and CFO of the Bechtel Group; Louis Kang; Paul Norris, non-executive Chairman and former CEO of W.R. Grace & Co.; Gianemilio Osculati, Chairman of Valore S.p.A. and former Chairman of McKinsey's Mediterranean Complex; Lee R. Raymond, former chairman and CEO of ExxonMobil; Edward Tian Suning, Founder and Chairman of China Broadband Capital Partners, L.P., and Vice Chairman and former CEO of China Netcom Group.
About KKR
Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm's franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (NYSE Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington, DC, London, Paris, Hong Kong, Beijing, Tokyo and Sydney. More information about KKR is available at: KKR: Kohlberg Kravis & Roberts: Henry Kravis & George Roberts: Who Are We.
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Reading the above post, i cant help but be amused at the fact that someone like Clifford can be a board member of so many companies however, should one of us in engineering decide to take on a 2nd job..... we must inform the company to ensure there is no conflict oof interest.
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black panther
very well documented figures,bet in another life you might have been a banker or an accoutant,but anyhow well said.These buffoons,as you say should be made to come clean with their figures,as someone else said on here the fed sec should bring it to the media attention every time the QF management put out incorrect data.....we have to use approved data why not them.......the rim
......come on qf1 wally up
......come on qf1 wally up
...i think he"s setting up some worlds best practice down there.
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LONGBOW25 can you please explain what you think i'm insinuating,or is there something that"s on your mind that you would like to get of your chest,come mate you can let us all know ..
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Is your assertion that the now "forum banned" unionist 1974 is a former Executive member based on fact, or simply as baseless assumption?
Seems like a rather sweeping allegation to be based simply on an "I think" moment.
Company troll, I have no problem with but a direct slur on a limited group of people is rather pointed don't you think?
Seems like a rather sweeping allegation to be based simply on an "I think" moment.
Company troll, I have no problem with but a direct slur on a limited group of people is rather pointed don't you think?
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Unionist1974 is not a former ALAEA Executive member.
I know them all well, most are extremely supportive of what we do. The ones that aren't do not conduct their business in this style.
I know them all well, most are extremely supportive of what we do. The ones that aren't do not conduct their business in this style.
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I think job security is an issue we need to address now more than ever after reading the below article in the SMH.
The current management who created the current state of affairs to QF International (the exact same way the same people killed off Ansett) are now looking to get some data from a consulting company to justify radical changes that they were always going to do anyway.
Latest Qantas talk is Bain of staff
The already fractious relationship between Qantas and its 32,500-strong workforce is set to be tested even further amid talk the airline has hired the services of a management consultancy company known for its radical surgery methods.
The airline, which for years has used Boston Consulting Group, is rumoured to have invited Bain & Company into its offices to prepare a few pie charts.
The appointment of Bain is not likely to go down well with Qantas's heavily unionised workforce. The blurb on the management consultancy's website notes: ''In this challenging environment, airlines can take steps to improve their business - but it requires decisive action.
''Bain's approach to consulting - focused on strategies with the highest impact and effective implementation - is well-suited to the airline industry, where there is no time to waste.''
Bain boasts that the returns of its airline clients ''have outpaced the S&P by 4 to 1''. Bain might be able to apply some of the expertise it built up helping the now defunct Ansett.
''Bain's expertise in airline consulting includes work in strategy, mergers and acquisitions, turnarounds, fleet and network optimisation, pricing, labour relations, operations restructuring and business plan formation,'' says the website.
The current management who created the current state of affairs to QF International (the exact same way the same people killed off Ansett) are now looking to get some data from a consulting company to justify radical changes that they were always going to do anyway.
Latest Qantas talk is Bain of staff
The already fractious relationship between Qantas and its 32,500-strong workforce is set to be tested even further amid talk the airline has hired the services of a management consultancy company known for its radical surgery methods.
The airline, which for years has used Boston Consulting Group, is rumoured to have invited Bain & Company into its offices to prepare a few pie charts.
The appointment of Bain is not likely to go down well with Qantas's heavily unionised workforce. The blurb on the management consultancy's website notes: ''In this challenging environment, airlines can take steps to improve their business - but it requires decisive action.
''Bain's approach to consulting - focused on strategies with the highest impact and effective implementation - is well-suited to the airline industry, where there is no time to waste.''
Bain boasts that the returns of its airline clients ''have outpaced the S&P by 4 to 1''. Bain might be able to apply some of the expertise it built up helping the now defunct Ansett.
''Bain's expertise in airline consulting includes work in strategy, mergers and acquisitions, turnarounds, fleet and network optimisation, pricing, labour relations, operations restructuring and business plan formation,'' says the website.
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Doesn't employing the services of "Management Consultants" imply that the current management are inept? If management is spending bucket-loads of money on consultants, they should vacate their positions as they have voted no confidence in themselves.
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A quote from BRW magazine May 5-11, 2011, page 19 cover story "The Business of Sex" :
'Its a maxim straight out of a human resources manual. "Treat your staff well and the business will prosper," the young entrepreneur with dreams of a multinational business proclaims. "When you look after your staff, the result is pure gold." '
Maybe management should read this story and treat us well before trying to
us!
'Its a maxim straight out of a human resources manual. "Treat your staff well and the business will prosper," the young entrepreneur with dreams of a multinational business proclaims. "When you look after your staff, the result is pure gold." '
Maybe management should read this story and treat us well before trying to
us!