AJ announces $90M QF staff bonus
Thread Starter
Join Date: Nov 2007
Location: Bexley
Posts: 1,789
AJ announces $90M QF staff bonus
Just received news that all Qantas staff who had accepted the 18 month wage freeze will get a 5% cash bonus. Those yet to accept the freeze will get the bonus once it's agreed.
Happy days......
Happy days......
Join Date: Mar 2012
Location: Dark Side of the Moon
Posts: 1,001
So I was just working it out on my contract and the 5% is almost identical to the 18 month pay freeze if I could have expected 3% per year during that time. Seems a bit weird. Good to see a bit of money back to the staff though, I am guessing the managers are up for a massive bonus then.
Join Date: Oct 2002
Location: Sydney
Posts: 326
Ollie,
I'm a terrible mathematician, but I still think they are saving a heap of cash.
Because our annual pay increases (ie 3%) compound over each EBA, by pausing the increases for 18 months over the last couple of years, it will mean lower actual pay rates over the coming years. So they can give us this chunk now, but will still be saving cash into the future.
I'm a terrible mathematician, but I still think they are saving a heap of cash.
Because our annual pay increases (ie 3%) compound over each EBA, by pausing the increases for 18 months over the last couple of years, it will mean lower actual pay rates over the coming years. So they can give us this chunk now, but will still be saving cash into the future.
Join Date: Mar 2012
Location: Dark Side of the Moon
Posts: 1,001
I assume that the $90 million figure will be the total cost to award EVERY elidgable staff member their 5% bonus assuming that everyone eventually accepts the pay freeze, even if it takes 3 years. It will be interesting as if you still have a contract coming up for negotiation then I assume you would still not want the pay freeze as the 5% won't cover the loss of pay rise.
Join Date: Jun 2007
Location: The Outer Marker hut
Posts: 207
Bloody Joyce, bloody Qantas, bloody pay freeze, bloody this, bloody that.....Oooooooh a shiny thing.
Give me a break! This is a bribe and nothing more, they take $10000 and give you back $3000, the rest goes into their pockets. We all accept the money because we need it, we have no choice. Bonus my arse! Don't give them an ounce of credit, maintain the rage, we deserve better.
Give me a break! This is a bribe and nothing more, they take $10000 and give you back $3000, the rest goes into their pockets. We all accept the money because we need it, we have no choice. Bonus my arse! Don't give them an ounce of credit, maintain the rage, we deserve better.
Cheers fellas.
Join Date: Aug 2002
Location: Australia
Posts: 475
BNEA320, how on earth can you suggest that a company paying its staff is "wasting" its money?
These staff agreed to a pay freeze that will save Qantas 4.5% from their wage bill every year going forward. A 5%, one-off bonus is a small impost by comparison.
In a year when Qantas stands to make close to a billion dollars profit, management will be collecting significant performance bonuses and staff engagement is still battered from massive layoffs and a pay freeze, surely a gesture of good faith towards your staff is a (rare) sign of good management.
You want to see what it means for an airline to "waste" it's money, go read the thread about Jetstar Hong Kong!
These staff agreed to a pay freeze that will save Qantas 4.5% from their wage bill every year going forward. A 5%, one-off bonus is a small impost by comparison.
In a year when Qantas stands to make close to a billion dollars profit, management will be collecting significant performance bonuses and staff engagement is still battered from massive layoffs and a pay freeze, surely a gesture of good faith towards your staff is a (rare) sign of good management.
You want to see what it means for an airline to "waste" it's money, go read the thread about Jetstar Hong Kong!
Join Date: Dec 2007
Location: The Bubble
Posts: 639
I'd consider it wasted if I was on the outside looking in, eyes filled with spite.
Personally I think it's a great result for the LAME employee group, I was more then happy to take an 18 month pay freeze to allow some of our fellow sacked workers a chance to come back, this bonus is icing on the cake.
Personally I think it's a great result for the LAME employee group, I was more then happy to take an 18 month pay freeze to allow some of our fellow sacked workers a chance to come back, this bonus is icing on the cake.
Join Date: Jan 2008
Location: BNE
Posts: 0
Pedant alert
It's "cheque's" GG
Sorry for the thread drift however this is a real bug bear of mine. If we want to be taken seriously as the "professionals" we purport to be then at least take the time to review posts before submitting.
Rant over.
Sorry for the thread drift however this is a real bug bear of mine. If we want to be taken seriously as the "professionals" we purport to be then at least take the time to review posts before submitting.
Rant over.
Last edited by Jetstarpilot; 14th Jul 2015 at 08:04. Reason: Added emoticon
Join Date: Jun 2006
Location: Brisbane
Posts: 130
Double pedant alert
It's "cheque's"
Sorry for the thread drift however this is a real bug bear of mine.
You really should say "Sorry for the thread drift, but this is a real bug bear of mine". You could use the word "however", but in this situation a semicolon or full stop should precede it.
