Qantas stand down 20,000 employees till end of May

[Buster Hyman]

Originally Posted by wheels_down

Coles are hiring 5000 Casuals,

Coles were looking for 500* additional staff to assist with unprecedented demand....36,000 people applied!!!

*(Source: Relative of mine works in Head Office)

[0ttoL]

Originally Posted by Buster Hyman

Coles were looking for 500* additional staff to assist with unprecedented demand....36,000 people applied!!!

*(Source: Relative of mine works in Head Office)

Coles receives 36,000 applications for 5,000 jobs

https://www.msn.com/en-au/news/austr...2ZL?li=AAgfIYZ

[wheels_down]

Originally Posted by 0ttoL

Coles receives 36,000 applications for 5,000 jobs

https://www.msn.com/en-au/news/austr...2ZL?li=AAgfIYZ

Sounds about right. 1000 stores, that’s only 5 people per store. Most stores have 100-200 people working there.

I was told Coles and Wow are currently trading $300m a week over forecast at the moment.

Might be a good op for some workers needing to pay the bills. They are good companies to work for.

[Buster Hyman]

Originally Posted by 0ttoL

Coles receives 36,000 applications for 5,000 jobs

https://www.msn.com/en-au/news/austr...2ZL?li=AAgfIYZ

Yes, thanks for that.

I'll see your "MSN" source & raise you the Coles Careers site, which is listing 768 jobs just now...Nationwide.

https://search.colescareers.com.au/cw/en/listing/

[managed]

Originally Posted by Paragraph377

Finally, someone I can relate to who isn’t inside the matrix! Spot on, Nixon and his puppet masters pulled a stunt that ultimately would force most people away from the one thing the Fed can’t ‘fake’ - gold. Everything since then has been ‘fake’ wealth - printed money, paper bonds, algorithms on a PC. They don’t want gold as a currency because they can’t fully control it, manipulate it, fake it and so on. Metals are actually real. Sadly, the chickens have come home to roost. Interestingly when you study economics and finance you see a historical pattern where we have a ‘reset’ roughly every 40 years. The match on the current Ponzi scheme was lit in 1971 and its now a full blown inferno. COVID-19 is the straw that finally broke the camels back. The worlds economies have been failing/propped up/failing for years. Think about it - negative interest rates, quantitative easing (printing money), or even worse - digital money backed by nothing and printed on nothing. Fake money. The more they print the greater the eventual collapse. It has helped to destroy the middle class and cause inflation that is so high that you need to earn $150k per year upwards just to have a moderately comfortable existence. The 2008 GFC was the ‘precursor bubble’ - banks, financial institutions and corporations went bust. The big bubble, the real bubble has started to burst - bankrupt countries and we’ve already seen Greece, Spain, Portugal as examples. Now the only remaining and supposedly strong fiscal country Germany is deep in the crap, along with the UK and USA. The USA has a confirmed debt of $23 trillion with real estimates of up to $300 trillion. It was never going to last.

Hold onto your hats, this **** is about to get real.

SPOT ON!
There is 2 choices ahead. Deflation and the markets correct themselves or Hyperinflation. Unfortunately the the GFC taught the politicians that helicopter money, ludicrous interest rates and QE are the only things that "work". They are only going to make it worse and we are eventually headed down the well worn path travelled by Zimbabwe, Argentina and Venezuela.

[f1yhigh]

Originally Posted by Buster Hyman

Plenty of twins around that can do that and be cheaper too.

I guess this could be the end of the 747s then. What about the A380s? Will they be economical once this blows over? I wonder what the likes of EK will do with all those A380s.

[Asturias56]

Originally Posted by Guptar

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.

why France & Italy Guptar? Both are well known for interventionist Govts who'll just pour state cash in. The problems are more likely in the USA TBH

[Buster Hyman]

Originally Posted by f1yhigh

I guess this could be the end of the 747s then. What about the A380s? Will they be economical once this blows over? I wonder what the likes of EK will do with all those A380s.

For the passenger variant, very likely. I don't think the A380's were economical before the virus, but others would know the answer to that better than me.

I think EK are committed to the aircraft & are probably able to play the long game 'economically' better than most carriers. This crisis will pass but the recovery will take years. It'll be a very different landscape on the other side.

I wonder how many 'legacy' carriers will survive.

[Asturias56]

"helicopter money, ludicrous interest rates and QE are the only things that "work"."

But it did work of course and without casting the world into a 10 year Depression. A fiscal hair shirt is a great idea in an ivory tower but it's not much use when the brown stuff hits the fan big-time.................

[Colonel_Klink]

Originally Posted by managed

SPOT ON!
There is 2 choices ahead. Deflation and the markets correct themselves or Hyperinflation. Unfortunately the the GFC taught the politicians that helicopter money, ludicrous interest rates and QE are the only things that "work". They are only going to make it worse and we are eventually headed down the well worn path travelled by Zimbabwe, Argentina and Venezuela.

And Germany of the 1920s. And that was after Spanish Flu killed about 500,000 Germans in 1918-1919. And everyone knows what happened in Germany not long after that....

So we have a world wide flu pandemic, the risk of a serious economic event, and this will then lead to an increase in nationalism (as countries isolate themselves and restrict travel, this will then escalate as they focus inward and globalisation and free trade become nasty words) .

[gordonfvckingramsay]

globalisation and free trade become nasty words

...and good riddance! Maybe we can start to rebuild the industries that made Australia great rather than relying on other countries to buy and supply our economy.

[What The]

Opinion piece.
Amazing that Joyce’s last act after stealing $100 million from the company is to bring it to its knees in its Centenary Year.
Imagine if the money spent on share buybacks to inflate the share price to protect Executive wealth had been used to retire debt, buy aeroplanes and save for a rainy day.
This QANTAS executive will go down in history as the most corrupt, inept and narcissistic group in the history of the airline. They killed Ansett. Now QANTAS.
After the employees save the airline through their burning of leave and entitlements there HAS to be a clean out of the Board and Exec.
About time they were brought to account.

[Danny104]

What the,
Spot on, would love to see that in the Australian. Probably too many chairman’s lounge members editing though.
Brilliant

[Asturias56]

Originally Posted by What The

Opinion piece.
Amazing that Joyce’s last act after stealing $100 million from the company is to bring it to its knees in its Centenary Year.
Imagine if the money spent on share buybacks to inflate the share price to protect Executive wealth had been used to retire debt, buy aeroplanes and save for a rainy day.
This QANTAS executive will go down in history as the most corrupt, inept and narcissistic group in the history of the airline. They killed Ansett. Now QANTAS.
After the employees save the airline through their burning of leave and entitlements there HAS to be a clean out of the Board and Exec.
About time they were brought to account.

This post is crazy - it's not QANTAS management to blame -it is a world crisis and it affects all airline whether well run or badly run to the same extent. They're all laying off, they're all close to folding

[Asturias56]

"we can start to rebuild the industries that made Australia great"

Name two.............

[Danny104]

Aus......56,
You don’t think the $2.4 billion spent on share buybacks to prop up share prices for the 100th anniversary and coincident with CEO departure could have been spent better elsewhere.
I guess with 1,100+ posts in 2 years you must be an expert on all things aviation. Maybe stick to the RAF that you actually know something about. Or is that just google too.
Industries.
Neighbours and Home and Away


hawkerxp. Very selfless and hopefully the start of something.

[Asturias56]

Originally Posted by Danny104

Aus......56,
You don’t think the $2.4 billion spent on share buybacks to prop up share prices for the 100th anniversary and coincident with CEO departure could have been spent better elsewhere.
I guess with 1,100+ posts in 2 years you must be an expert on all things aviation. Maybe stick to the RAF that you actually know something about. Or is that just google too.
Industries.
Neighbours and Home and Away


hawkerxp. Very selfless and hopefully the start of something.

well Danny I bow to your expertise after 12 magnificent posts - keep at it kid

[fdr]

Originally Posted by blow.n.gasket

I wonder what the rumoured “ unprecedented “ announcement President Trump is going to make on April 1 that will remain in place until April 10th and how it will effect the rest of the World’s global market ?

1. That he claims responsibility for all the winning that the world is seeing today? (I for one am getting tired of his "Whining")
2. That Corona Virus (A.K.A. "just a flu") is a Hoax!
3. That his really smart uncle John has the answer.
4. That "who knew that government was so big, I mean, big government is so big.... who knew"
5. That a new cut in medicare and medicaid will assist those that are down to their last half dozen golf courses.
6. That he is suspenderising "Habitat Corpuscles" for the duration, election 2020 is not needed, Vlad says he won 110% of the vote, and that's good enough for me!
7. N/A
8. Ans: C
9. All of the above
10. kleen coal is the answer, wash it so its shiny nicy purty.

[f1yhigh]

Originally Posted by Buster Hyman

For the passenger variant, very likely. I don't think the A380's were economical before the virus, but others would know the answer to that better than me.

I think EK are committed to the aircraft & are probably able to play the long game 'economically' better than most carriers. This crisis will pass but the recovery will take years. It'll be a very different landscape on the other side.

I wonder how many 'legacy' carriers will survive.

I wonder the same thing too. On one hand there will be some carriers that go bust, on the other that will mean more demand for those that do survive. I wonder if this will expedite Project Sunrise and A350 flying in Qantas.

[SOPS]

It’s just occurred to me. The guru GT seems to have been very quiet on the Qantas layoffs .