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AFR - Virgin Administrators come under fire for doubtful forecasts

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AFR - Virgin Administrators come under fire for doubtful forecasts

Old 24th May 2020, 05:43
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I mean this post for no ill intent but to clear the perceptions made already with a true reality check with from the inner circle.Your unions have already been briefed for the number of losses on the way, for each workgroup and entity. This was included in the brief to the bidders. The business is easier to buy at a fire sale than a garage sale. (Doesn't take a genius to work out what I'm indicating).The Bain meeting only took 32mins from the ELT presentation and was cut short at their request. Its clear they intend to run the business their own way. Strawberry man hasn't returned any of Paul's calls since the presentations, nor that of the ELT this week.Any hope information or perceptions intended for you to believe on Workplace is false, its their 'insurance' plan due to the prominent mental health issue the business has. (Lu dropped in convo their premium's had increased 31% because of recent incidents).
Is this with or without the debt holders consent?? If they don't have the debt holders agreement nothing will be happening. The first thing any consortium needs to find out is what the debt holders will be agreeing to.
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Old 24th May 2020, 05:57
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VA reminds me of the Titanic, "the pumps will buy time but only minutes", it's back is broken now all anyne can do is watch it go under leaving a wreckage of human hurt floating on the surface! -(
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Old 24th May 2020, 07:03
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If they don't have the debt holders agreement nothing will be happening. The first thing any consortium needs to find out is what the debt holders will be agreeing to.
I think that you have hit the nail on the head, this has been lost in all the sales hype.

This industry will be decimated for many years to come.
You know, I think we may be wrong in thinking like that, I think it will bounce back quicker and stronger than we realise. Lots of FOMO thinking will come out, "trip of a lifetime because who knows what is around the corner" type thinking. People wanting to take that trip they always dreamed of. Although many people have lost jobs, those in secure employment will have been saving money by not eating out, going to the pub or movies, music etc so they will be cashed up and happy to spend.
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Old 24th May 2020, 08:08
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No I disagree

The ones you speak of that want to travel, the 'Rebellion' type, will do so with what little cash they have left!
Well ALL state and federal government workers are getting paid aren't they? Heck the school teachers must be a tough bunch as all governments were prepared to send them to a school full of students (as a test?) Nurses, who are also tough, police, AOs etc etc Not rebellion types...

People are living day to day these days
Which people? Plenty for sure but not the majority I would suggest.
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Old 24th May 2020, 08:17
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the 'Rebellion' type
There must be plenty of that type where I live. It took 20 minutes to find a parking spot at the shopping centre yesterday, it was like the lead up to Christmas! Look at the beaches in Europe, humans have very short memories.
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Old 25th May 2020, 04:05
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Looks like a certain creditor is exercising their rights tonight gents, look out for another episode of Changing Rooms (not sure if its featuring Susie Willks)
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Old 25th May 2020, 22:07
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Originally Posted by wishiwasupthere View Post
There must be plenty of that type where I live. It took 20 minutes to find a parking spot at the shopping centre yesterday, it was like the lead up to Christmas! Look at the beaches in Europe, humans have very short memories.
Yep, I have seen the same thing. I am at the point where I don't understand why gyms are closed they're more essential than Bunnings and much cleaner. Surely these rouge states will succumb to pressure to allow air travel sooner rather than later.
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Old 26th May 2020, 06:22
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ex itnews: Virgin Australia's loyalty CIO decamps to icare NSW

Link here: https://www.itnews.com.au/news/virgi...are-nsw-548555

Extract here:

Virgin Australia's loyalty CIO decamps to icare NSW

By Justin Hendry
May 26 2020
12:07PM


Caroline Rockett

Moves on after two years.

The chief information officer in charge of Virgin Australia’s loyalty scheme has made the jump to the NSW government’s nominal insurer after almost two years.

Caroline Rockett, who has been with Velocity Frequent Flyer since September 2018, joined icare NSW this week as its new digital and technology group executive.

She assumes the responsibility from chief operating officer Rob Craig, who has been acting in the role.........................................
Rgds
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Old 26th May 2020, 06:55
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Originally Posted by didrechambers77 View Post
Looks like a certain creditor is exercising their rights tonight gents, look out for another episode of Changing Rooms (not sure if its featuring Susie Willks)
Care to elaborate?
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Old 26th May 2020, 10:28
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Originally Posted by Blackout View Post
For 'what' It is not Worth- right there, is where the Nut-Cutting/Crap starts/happens...............

Vis-
Number and Value/Value and Number........
'IT' has occurred before..........., (there is precedence/history on how far 'one' can push..../pending the situation, it is possible to Over-Cook the show) , so short 'the memories/narrative'- Wishing a Good Result for all.

Rgds
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Old 26th May 2020, 11:22
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.........../‘what ‘do’.../ you.... -smoke-?— when ‘you’ type matey? F*@$ me you’re hard to follow.
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Old 26th May 2020, 13:04
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I got it on the 5th pass, speaks in riddles.
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Old 27th May 2020, 00:50
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re Section28 - BE, I can get into twisted elms, and grin, the intoxicated crackpot jailer is a prankster
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Old 27th May 2020, 08:23
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Originally Posted by Blackout View Post
It appears there was some media intervention today, in a certain Workplace group, that prevented the 'heavy hitting' questions getting answered. Very tactile and, for release at the right time.

The Kudos and Fluff continues.
Just translate that into English thanks.
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Old 27th May 2020, 10:13
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I can translate for you.
The “Dynamic Duo” 🤦‍♂️ Said sweet F*** all.
Which is unsurprising in the least. The “fluff” otherwise known as manure continues.

The whole thing reminds me of when I tell “The Boss” I’m only out for a few and I’ll be home by 10pm.
I know the truth, she knows the truth and we both know where it will end up. But we play the game anyway.
Only thing is, this isn’t a game and is far less funny in the morning.
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Old 27th May 2020, 11:00
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Originally Posted by anonfly View Post
I can translate for you.
The “Dynamic Duo” 🤦‍♂️ Said sweet F*** all.
Which is unsurprising in the least. The “fluff” otherwise known as manure continues.

The whole thing reminds me of when I tell “The Boss” I’m only out for a few and I’ll be home by 10pm.
I know the truth, she knows the truth and we both know where it will end up. But we play the game anyway.
Only thing is, this isn’t a game and is far less funny in the morning.
Specifically what did you want to know about?
emphasis on specifically
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Old 27th May 2020, 11:17
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Originally Posted by chookcooker View Post
Specifically what did you want to know about?
emphasis on specifically
Me personally, nothing. I didn’t expect any useful information as I’m well aware of the limitations about any information being released. Confidential and competitive information isn’t going to be released to employees. We will find out in due course along with the general public.
On that note the best source of information is likely to be the AFR, due to it being known that businesses involved in the process “leak” information to gain a competitive advantage. Like all things, take it with a pinch of salt. Sift through it all and you can gain some semblance of a incomplete picture.
I was just translating for normanton at the end of the day. They asked a question, I thought I could offer an answer.
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Old 27th May 2020, 22:15
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Originally Posted by Blackout View Post
I was referring to the 'heavy hitting' questions asked by some of the employees (most nothing to do with confidentiality), being ignored. This is perhaps due to a certain 'media presence' in which, will be tactically released end of next month. A documentary for all!
I get so sick of this "secret squirrel" stuff.

If you really know something, then say it. If you don't know anything don't say "wait until....", just keep quiet.
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Old 27th May 2020, 23:54
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Originally Posted by chookcooker View Post
Specifically what did you want to know about?
emphasis on specifically
Perhaps CEO selling the single fleet type to bidders whilst conveying the opposite with staff. Could be a mixed message to the sheep on Corporate Facebook.



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Old 28th May 2020, 00:37
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Originally Posted by -41 View Post
Perhaps CEO selling the single fleet type to bidders whilst conveying the opposite with staff. Could be a mixed message to the sheep on Corporate Facebook.
We should always be intellectually critical of the ideas we receive.

The garbage that's sprouted on the Corporate Propaganda Website is sickening. What's worse are some of the comments from the gullible masses, some of whom who fed from the trough with such vigour they can't help but regurgitate the swill.

Anyone with a modicum of intelligence could see all the problems that are now being amazingly being discovered years ago. A basic principle lost at Virgin was honesty keeps things really simple.


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