BIG Announcement coming from QF?
Look at the times on that article DrDre.
Qantas must be so exposed to all of its foreign adventures that it is not only neglecting its core, Australian business, it can't afford to fund replacements for 20 year old aircraft at the end of their lives.
Sack another 1000, that'll fund a few more 320s for offshore ventures. Maybe 1 day those ventures will return more then $10-15million / year like jetstar asia is.
It's starting to rate up there with Geoff Dixon's decision to purchase A380's instead of B777's and paying $200million+ for StarTrack Express only for it to barely break even.
Qantas is under pressure to find savings because its cash flow was insufficient to fund $2.7 billion in spending on new Airbus A380s and the Boeing 787 Dreamliner. It is due to take delivery of 15 new aircraft next year.
Sack another 1000, that'll fund a few more 320s for offshore ventures. Maybe 1 day those ventures will return more then $10-15million / year like jetstar asia is.
It's starting to rate up there with Geoff Dixon's decision to purchase A380's instead of B777's and paying $200million+ for StarTrack Express only for it to barely break even.
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Feb. 15 (Bloomberg) -- Qantas Airways Ltd. must "adapt or die," Chief Executive Officer Alan Joyce
told Australian lawmakers last week as the nation's biggest carrier confronts rising costs on
unprofitable international flights.
Adapt to managements fcuked decisions,
Why not get the monkey off QF's back.
Read more: Qantas Shares Slide as Joyce Says Carrier Must Grow or Die
unprofitable international flights.
Adapt to managements fcuked decisions,
Why not get the monkey off QF's back.
Read more: Qantas Shares Slide as Joyce Says Carrier Must Grow or Die
Last edited by division1; 15th Feb 2012 at 19:53.
The 2nd headline for tomorrow.
Hoo-roo: Qantas wields the axe | Herald Sun
Wing and a prayer | Herald Sun
Hoo-roo: Qantas wields the axe | Herald Sun
THE jobs of 1460 Qantas maintenance workers will be put under review today as the airline announces hundreds of cuts in other areas of its business. In a blow to Victoria's crisis-ridden manufacturing sector, the future of 400 workers at its heavy-maintenance base at Tullamarine and 660 workers at its Avalon operation will be examined, along with another 400 jobs in Brisbane.
Qantas also will announce hundreds of staff cuts in other areas including flight and back-office roles as it scraps unprofitable routes.
Qantas also will announce hundreds of staff cuts in other areas including flight and back-office roles as it scraps unprofitable routes.
It is believed that at least one, and possibly two, of Qantas's three heavy maintenance bases will be shut.
The Tullamarine shop, which handles Qantas's workhorse Boeing 737 fleet, is expected to be under the most threat but Avalon's future is also in jeopardy.Qantas, which announced 1000 job losses last year, says the heavy-maintenance jobs will not be sent offshore, despite union fears work could be shipped to the Philippines, Singapore, China, and Hong Kong.
The Tullamarine shop, which handles Qantas's workhorse Boeing 737 fleet, is expected to be under the most threat but Avalon's future is also in jeopardy.Qantas, which announced 1000 job losses last year, says the heavy-maintenance jobs will not be sent offshore, despite union fears work could be shipped to the Philippines, Singapore, China, and Hong Kong.
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At the risk of being intimidated by the feds again for posting here,
The Qantas discussion on PPRuNe has been commercial rather than national interest based, so what have the Feds got to do with a company the government is quite happy to wash its hands of in the interest of fiduciary duties? There is nothing government about Qantas apart from the Qantas Sale Act, which they seem happy to ignore as long as the semantics are satisfied.
Either the survival of Qantas is in the national interest or it isn't. That's for the government of the day (Lord help us
) to decide. If it is, then presumably they will step in as they see fit, which they haven't, being more than happy to whimper in a corner acquiescing to the fat CEOs as usual (Vote Labor! the working men's party 
). One can assume that given the lack of action from the government, Qantas is not part of the national interest. If it isn't, then we're discussing company politics and the Feds have nothing to do with it unless you're advocating terrorism, kiddie porn or free movie downloads. If they think otherwise; Get a Lawyer, Son, and start feeling really stressed out. 
Last edited by Worrals in the wilds; 15th Feb 2012 at 12:11.
Fingers crossed for you fellas. Its a ****e day when this happens to QF.
Its a lot of stress living with this kind of job uncertainly. Just remember yaselves and your families come first.
The Don
Its a lot of stress living with this kind of job uncertainly. Just remember yaselves and your families come first.
The Don
The floggings will continue until morale improves.
The Sunfish strategy:
1. Announce Qantas is "at risk". Drastic action is required to save the Australian icon.
2. Immediate departure of Joyce, the Chairman and a Third of the Board after an admission of failure of strategy.
3. Immediately announce combination of Jetstar and Qantas. Jetstar to move slightly up market, Qantas domestic to move slightly down market.
4. Announce immediate removal of layers of management no longer needed because the group structure is going. There is only ONE Qantas.
5. Terminate Jetstar Asian ventures or rebrand them as Qantas.
6. Complete restructure of the company on the principle of: "If its broke, fix it; if it ain't broke, break it and then fix it".
This will involve: comprehensive evaluation of every manager in the company competing for the remaining positions - to be done by some very skilled HR types with the removal of narccisists and psychopaths a priority. I've discovered it IS possible to identify these people, I won't say how I know or how it works.
The Jetstar and Qantas work practices to be combined. Cheapest and best wins.
7. The deal for ordinary employees: Jobs will stay in Australia. No overseas crewing. The price? Payrises and work practices. Bring back work onshore.
8. Destruction of the Sydney-centric business model. Direct flights to capital cities an absolute priority.
9. Major revamped marketing approach for Qantas - "Your Qantas - Here to stay". Target each state individually. Parochialism rulez.
This total approach is based on the "Lifeboat" and "Freeze - Unfreeze - refreeze" organisation models. Jeff Kennett did this for Eighteen months when elected in Victoria, and got it mostly right.
All you need is a CEO and Chairman who can walk the talk and generate the sense of urgency necessary to galvanise the organisation and make change desirable.
....Unfortunately none of this is going to happen. Qantas will continue the death of a thousand cuts - the Sandakan death march. Managers like it this way; it makes them feel important and in control.
The Sunfish strategy:
1. Announce Qantas is "at risk". Drastic action is required to save the Australian icon.
2. Immediate departure of Joyce, the Chairman and a Third of the Board after an admission of failure of strategy.
3. Immediately announce combination of Jetstar and Qantas. Jetstar to move slightly up market, Qantas domestic to move slightly down market.
4. Announce immediate removal of layers of management no longer needed because the group structure is going. There is only ONE Qantas.
5. Terminate Jetstar Asian ventures or rebrand them as Qantas.
6. Complete restructure of the company on the principle of: "If its broke, fix it; if it ain't broke, break it and then fix it".
This will involve: comprehensive evaluation of every manager in the company competing for the remaining positions - to be done by some very skilled HR types with the removal of narccisists and psychopaths a priority. I've discovered it IS possible to identify these people, I won't say how I know or how it works.
The Jetstar and Qantas work practices to be combined. Cheapest and best wins.
7. The deal for ordinary employees: Jobs will stay in Australia. No overseas crewing. The price? Payrises and work practices. Bring back work onshore.
8. Destruction of the Sydney-centric business model. Direct flights to capital cities an absolute priority.
9. Major revamped marketing approach for Qantas - "Your Qantas - Here to stay". Target each state individually. Parochialism rulez.
This total approach is based on the "Lifeboat" and "Freeze - Unfreeze - refreeze" organisation models. Jeff Kennett did this for Eighteen months when elected in Victoria, and got it mostly right.
All you need is a CEO and Chairman who can walk the talk and generate the sense of urgency necessary to galvanise the organisation and make change desirable.
....Unfortunately none of this is going to happen. Qantas will continue the death of a thousand cuts - the Sandakan death march. Managers like it this way; it makes them feel important and in control.
3... Immediately announce combination of Jetstar and Qantas.
Qantas free of Jetstar rebuilds with less aircraft types, kicks onestar out of terminals and/or charges commercial price for all services.
Only spanner in works is raising $$$ for buy out to satisfy the main Q shareholders, hard to borrow in today's market????
Last edited by Mud Skipper; 15th Feb 2012 at 21:16.
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Annoucement out http://www.asx.com.au/asxpdf/2012021...48gbn48lql.pdf
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"We have no plans to move operations offshore but we need to consolidate activities in Australia" Joyce says about maintenance
1 minute ago
With 747 retirements, Joyce says, "there is simply not enough heavy maintenance work to justify three facilities in MEL, BNE and AVV"
2 minutes ago
Qantas will downgrade some days of its 747 between SYD and PER to A330 - no surprise. Route was always about a/c utilisation and getting PR.
3 minutes ago
Qantas to respond to Virgin Australia's A330s between MEL and PER with its own additional A330 services.
4 minutes ago
No big announcement today about Qantas' planned premium carrier.
5 minutes ago
Only two additional 747s will be retired in near future - not all (!) that some naysayers predicted.
8 minutes ago
Qantas to upgrade LAX-JFK from A330 to 747. Route very good for cargo. Aussies 5th largest source of tourists for NYC.
9 minutes ago
Sydney-Bangkok to be downgraded from 747 to A330 from 10 June.
9 minutes ago
Qantas to end Singapore-Mumbai and Auckland-Los Angeles from 6 May 2012. (Good news for Air NZ.)
10 minutes ago
Half-year underlying profit for Qantas is AUD202 million.
11 minutes ago
Tweets
<LI class="stream-tab stream-tab-favorites">Favorites <LI class="stream-tab stream-tab-following">Following <LI class="stream-tab stream-tab-followers">Followers <LI class="stream-tab stream-tab-lists dropdown-link">Lists
"We have no plans to move operations offshore but we need to consolidate activities in Australia" Joyce says about maintenance
1 minute ago
With 747 retirements, Joyce says, "there is simply not enough heavy maintenance work to justify three facilities in MEL, BNE and AVV"
2 minutes ago
Qantas will downgrade some days of its 747 between SYD and PER to A330 - no surprise. Route was always about a/c utilisation and getting PR.
3 minutes ago
Qantas to respond to Virgin Australia's A330s between MEL and PER with its own additional A330 services.
4 minutes ago
No big announcement today about Qantas' planned premium carrier.
5 minutes ago
Only two additional 747s will be retired in near future - not all (!) that some naysayers predicted.
8 minutes ago
Qantas to upgrade LAX-JFK from A330 to 747. Route very good for cargo. Aussies 5th largest source of tourists for NYC.
9 minutes ago
Sydney-Bangkok to be downgraded from 747 to A330 from 10 June.
9 minutes ago
Qantas to end Singapore-Mumbai and Auckland-Los Angeles from 6 May 2012. (Good news for Air NZ.)
10 minutes ago
Half-year underlying profit for Qantas is AUD202 million.
11 minutes ago
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sems that joining the LAME's on the firing line today are international CC.
Just saw a copy of a list of CC Mgrs positoned upline ahead of the announcement..........
Believe their union is getting a briefing now of how the numbers will be managed.
Just saw a copy of a list of CC Mgrs positoned upline ahead of the announcement..........
Believe their union is getting a briefing now of how the numbers will be managed.
- JQ EBIT in the asx statement has to be in the running for creative accounting........
- Also clearly the 330 move is significant alongside the +7% in capacity growth -