MERGED: Alan's still not happy......
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Come on Joe.....
Your the only one who says it how it is in the end......
I will sit by and watch the parliament who will give me what I deserve (thanks Mr McFarlane) rather than joining a conference call recently summonsed.
I will sit by and watch the parliament who will give me what I deserve (thanks Mr McFarlane) rather than joining a conference call recently summonsed.
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Qantas supports carbon price
By Cathlin Thurbon | March 14th 2011 | In Carbon.
The Australian Financial Review today reported that Alan Joyce, chief executive of Australia’s biggest airline, Qantas Airways, yesterday gave his support for the carbon tax proposed by Prime Minister Julia Gillard. The AFR quotes Mr Joyce as saying “We can understand the logic in the carbon tax and why the government regards it as a necessity – we’re convinced that all organisations should do whatever they can to reduce emissions”.
By Cathlin Thurbon | March 14th 2011 | In Carbon.
The Australian Financial Review today reported that Alan Joyce, chief executive of Australia’s biggest airline, Qantas Airways, yesterday gave his support for the carbon tax proposed by Prime Minister Julia Gillard. The AFR quotes Mr Joyce as saying “We can understand the logic in the carbon tax and why the government regards it as a necessity – we’re convinced that all organisations should do whatever they can to reduce emissions”.
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Pay increases and bonuses will not be contemplated until Qantas is profitable again. This is in addition to the reduction of fees paid to the Qantas board and a reduction in the take home pay of the Qantas Group CEO by 36 per cent this financial year
http://www.scribd.com/doc/209513859/Qantas-Fact-Sheet
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FINALLY, the press are waking up......what happened Alan...did you forget to buy this month's advertising??
You're right Alan Joyce, Qantas' results are unacceptable, so why don't you sack yourself? | News.com.au
You're right Alan Joyce, Qantas' results are unacceptable, so why don't you sack yourself? | News.com.au
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The carbon tax is a factor, its a factor with just about every manufacturing company that has left our shores to set up, where they can afford the wages and the power bills. And Who TF thought that running a carbon tax out of Parliament House Canberra was going to save the freckin world, anyway. Whilst the trains run out of the Hunter Valley packed with black coal to send to China where it is almost impossible to see, unless a howling gale is around. Talk about having a freckin bucket with a hole in it, that is what this carbon tax is. It just adds to QF's woes, and why would they spend a fortune changing uniforms for the cabin crew, nothing wrong with the last one, do they actually employ bean counters there, and if so, WTF do they do? All we have now is a bunch of QF employees more frightened than ever, every bodies shoulder is vulnerable, no one is safe, only the union leaders, and a few of the management, and those two knobs ,Shorten and Albernese have only added to it. What a terrible day for all concerned, hopefully the dust will settle and some common sense applied. No down tools, thanks Sheldon, if you do Joyce will pull the plug, and it will not be for two days. He is counting on you doing it.
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Interesting chat with a colleague from a global fund manager. Seems to be a school of thought that the reason The Fed govt is sitting on its hands re QF Sales Act is there may be an imminent privatisation bid from a domestic consortium. The sell-down of QF shares post jobs slashing announcement is certainly not the norm. Given $3bn of liquidity in the company, it would seem that something very fishy is going on in the market, and a consortium could pick up Qantas for a song, at about a quarter of the price APA offered 5 or so years ago. Certainly co-incides with why QF have stopped all asset expansion.
I don't see what all the fuss is about, $252Million, that's less than the price of a single A380...
But in all seriousness, let's have a good look, ALLLLL of a sudden they have decided to become more efficient? Really? Why haven't you been aiming to be more efficient for the last few years? What tools!!
Least we now know what the extra type being retired is, the 747 Non-reconfigured, they put the 2 types of 747s in seperately!
Oh, so you're going to suspend growth of Jetstar Asia? What on earth happened?! You've spent so long telling us how incredible these businesses would be and how much they would contribute to the Group... we'd have a lot more respect for this tool if he just came out and said "Ooops, we messed up, but we are going to fix it"
Yes, you want to retire those old gas guzzlers...oh but we're going to defer the new 787s which could actually save us a giant chunk of money in the long run... maybe we should have put them with Qantas and better utilised them?!
5000 jobs reduced ey? Well, whilst no one wants to see people sacked I don't many of us could disagree that the 1500 from Management and Non-Operational is probably a good place to start.
I don't think anyone can disagree that a leaner, meaner business is better for the majority in the long run, it's a shame that it's gotten to a position where it has apparently become bloated to the point of 15% of it's jobs being able to be made redundant. Once again though that allllll comes down to Management, they are the ones who have sat atop their ivory perch for so long and watched it all and done so little, they could have spent the last few years working on these efficiencies and doing it little by little but instead they were so focussed on their little escapades in Asia that they lost sight of the core business and now the Qantas Group all have to suffer in one fell swoop. Not mention everyone else in Aviation below, this will have knock-on effects that will be felt for years to come in terms of people moving up the Aviation ladder, everyone from Pilots and Engineers to Check-in Staff and Baggage Handlers, of course the corporate types will probably just shift industry, same job different industry, no problems for them.
And of course, no acknowledgement from those on the ivory perch for their part in it all, they've done an amaaaaazzzing job of course, it's everyone and and everything else that let them down...
But in all seriousness, let's have a good look, ALLLLL of a sudden they have decided to become more efficient? Really? Why haven't you been aiming to be more efficient for the last few years? What tools!!
Least we now know what the extra type being retired is, the 747 Non-reconfigured, they put the 2 types of 747s in seperately!
Oh, so you're going to suspend growth of Jetstar Asia? What on earth happened?! You've spent so long telling us how incredible these businesses would be and how much they would contribute to the Group... we'd have a lot more respect for this tool if he just came out and said "Ooops, we messed up, but we are going to fix it"
Yes, you want to retire those old gas guzzlers...oh but we're going to defer the new 787s which could actually save us a giant chunk of money in the long run... maybe we should have put them with Qantas and better utilised them?!
5000 jobs reduced ey? Well, whilst no one wants to see people sacked I don't many of us could disagree that the 1500 from Management and Non-Operational is probably a good place to start.
I don't think anyone can disagree that a leaner, meaner business is better for the majority in the long run, it's a shame that it's gotten to a position where it has apparently become bloated to the point of 15% of it's jobs being able to be made redundant. Once again though that allllll comes down to Management, they are the ones who have sat atop their ivory perch for so long and watched it all and done so little, they could have spent the last few years working on these efficiencies and doing it little by little but instead they were so focussed on their little escapades in Asia that they lost sight of the core business and now the Qantas Group all have to suffer in one fell swoop. Not mention everyone else in Aviation below, this will have knock-on effects that will be felt for years to come in terms of people moving up the Aviation ladder, everyone from Pilots and Engineers to Check-in Staff and Baggage Handlers, of course the corporate types will probably just shift industry, same job different industry, no problems for them.
And of course, no acknowledgement from those on the ivory perch for their part in it all, they've done an amaaaaazzzing job of course, it's everyone and and everything else that let them down...
a reduction in the take home pay of the Qantas Group CEO by 36 per cent this financial year
An interesting bit in the "fact sheet" linked a few posts ago...........
The Qantas Group has indicated that our investment is small in the context of the Group (approximately $300 million in invested capital, which is less than the price of one A380 and the opportunities for Jetstar in Asia are significant
I mean if $300m is less than the price of 1 A380 then $252m is even more lesserer than 1 A380.
I am confused
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Kiwiconehead, it does seem a bit odd that a loss of 250 mil has caused all the problems.
Maybe an excuse to slash and burn?
Likewise, Alan's pay "cut" is to show that he his suffering as well
Maybe an excuse to slash and burn?
Likewise, Alan's pay "cut" is to show that he his suffering as well
Had to turn it off, but his Chairmans Club membership will certainly be continued.
... more to come from the Canberra playground..