Qantas stand down 20,000 employees till end of May
Some people in the finance industry are tipping that 20% of the total residential loans could default in Australia. When will a run on the banks start. France and Italy could be in a civil war, or massive civil unrest within 6 weeks.
Coordinated world response:
- Russia, China Europe and of course the USA, agree to bury the hatchet.
- Removal of sanctions on Russia, China, Iran, Syria, Cuba and Venezuela (that means telling the Israeli Government to ##@$ off and grow up.)
- Truce between India and Pakistan.
- Bring all troops home from Syria, Iraq, Afghanistan, Europe and Asia.
- restart national and international infrastructure projects OBOR, Bering Straits bridge, Nordstream II, Mediterranean oil and gas, etc., etc.
- concerted International health efforts (already happening with researchers from day 1 - 31 Dec 2019.
- concerted IMF, BIS, world bank, ECB and national banks to provide liquidity and underwrite non performing loans.
_
- Russia, China Europe and of course the USA, agree to bury the hatchet.
- Removal of sanctions on Russia, China, Iran, Syria, Cuba and Venezuela (that means telling the Israeli Government to ##@$ off and grow up.)
- Truce between India and Pakistan.
- Bring all troops home from Syria, Iraq, Afghanistan, Europe and Asia.
- restart national and international infrastructure projects OBOR, Bering Straits bridge, Nordstream II, Mediterranean oil and gas, etc., etc.
- concerted International health efforts (already happening with researchers from day 1 - 31 Dec 2019.
- concerted IMF, BIS, world bank, ECB and national banks to provide liquidity and underwrite non performing loans.
_
Join Date: Jan 2019
Location: Living with consequences
Posts: 22
Likes: 0
Received 0 Likes
on
0 Posts
From the media release,
But what of Fifi and her sisters?
More than 150 aircraft will be temporarily grounded, including all of Qantas’ A380s, 747s and B787-9s and Jetstar’s B787-8s. Discussions are progressing with.....
Join Date: Oct 2018
Location: nowhere
Posts: 45
Likes: 0
Received 0 Likes
on
0 Posts
What do you expect, society is built like a house of cards. We have next to no resilience. Most of us are mortgaged up to our eyeballs, merely a few pay cheques from bankruptcy. Great, isn't it?
If this isn't a wake up call that we need to change our ways, I don't know what is. Even when this is over, there will be another just around the corner.
If this isn't a wake up call that we need to change our ways, I don't know what is. Even when this is over, there will be another just around the corner.
Join Date: Jul 2014
Location: Harbour Master Place
Posts: 662
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by directimped
What do you expect, society is built like a house of cards. We have next to no resilience. Most of us are mortgaged up to our eyeballs, merely a few pay cheques from bankruptcy. Great, isn't it?
Notice how the amount of debt (credits = money to the counterparty) outstripped production from not long after that date. We have lived in a debt as money world since 1971, the outcome was inevitable. We were ALL forced to play the game.
Source: https://web.archive.org/web/20130518...nflation-5.JPG
I bet you’re one of these idiots buying 400 rolls of toilet paper.
Network , Cobham - business as usual?
Join Date: Oct 2002
Location: act
Posts: 181
Likes: 0
Received 0 Likes
on
0 Posts
I wouldn’t be too worried about Qantas, all the directors took the option of swapping income for shares last week, just before they started making these announcements and asking the government for a bailout. Check out QAN on the ASX, all of the notices are there, made on 3 March
Join Date: Oct 2013
Location: New Zealand
Age: 71
Posts: 1,475
Likes: 0
Received 0 Likes
on
0 Posts
Events of Sunday the 15th of August 1971 set in motion the debt train wreck that was always going to happen. The only problem was identifying the date of the accident with any accuracy.
Notice how the amount of debt (credits = money to the counterparty) outstripped production from not long after that date. We have lived in a debt as money world since 1971, the outcome was inevitable. We were ALL forced to play the game.
Source: https://web.archive.org/web/20130518...nflation-5.JPG
Notice how the amount of debt (credits = money to the counterparty) outstripped production from not long after that date. We have lived in a debt as money world since 1971, the outcome was inevitable. We were ALL forced to play the game.
Source: https://web.archive.org/web/20130518...nflation-5.JPG
Hold onto your hats, this **** is about to get real.
Cos a) Trump couldn’t keep quiet about anything that long.
b) the world has moved on from US dominance
In relation to this issue I’d be more concerned about what Beijing is doing. Whether we like it or not Australia’s recovery from this recession will be because of our links with Beijing not Washington DC, despite how we feel about China at the moment.
One wonders if all 20,000 will be reemployed and all 20,000 will want to come back.
I guess I'm saying that this is the opportunity to downsize in the short and medium term. Will there ever be 30,000 employed by QF ever again?
I guess I'm saying that this is the opportunity to downsize in the short and medium term. Will there ever be 30,000 employed by QF ever again?
If this drags on for longer than the company has money however, that may change.
Stood down without pay, however we're able to use annual leave to make up the difference. If you have less than a certain threshold, you're able to go into negative 4 weeks annual leave.
After that, you're on your own. They are rotating duties at JQ at least, apparently based on seniority. So one month you'll work, then next month another group will work. Etc.
After that, you're on your own. They are rotating duties at JQ at least, apparently based on seniority. So one month you'll work, then next month another group will work. Etc.
Join Date: Apr 2010
Location: Asia
Posts: 1,030
Likes: 0
Received 0 Likes
on
0 Posts
Coles are hiring 5000 Casuals, I understand Woolworths is putting its vacancies to anyone in the QF Group wishing to assist with the crazy demand seeing at Woolworths and Bigw etc. More on that next week apparently
I guess this will suit some, example Ground Crew or a Cabin Crew would earn similar to the Woolies casual rate. 20 odd hours a week would help put food on the table, paying the rent or whatever.
I guess this will suit some, example Ground Crew or a Cabin Crew would earn similar to the Woolies casual rate. 20 odd hours a week would help put food on the table, paying the rent or whatever.
Evertonian