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QF Group possible Redundancy Numbers/Packages

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QF Group possible Redundancy Numbers/Packages

Old 23rd Jun 2020, 11:20
  #341 (permalink)  
 
Join Date: Sep 2005
Location: M.I.A.
Posts: 170
AJ stated at the beginning of May that ďwe can continue like this until at least December 2021 if we had toĒ.

Any sudden need to offload staff is pure opportunism.
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Old 23rd Jun 2020, 11:30
  #342 (permalink)  
 
Join Date: Apr 2010
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Originally Posted by Bug Smasher Smasher View Post
AJ stated at the beginning of May that ďwe can continue like this until at least December 2021 if we had toĒ.

Any sudden need to offload staff is pure opportunism.
At the cost of $3 billion. That wouldnít be business as usual January 2022 onwards.
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Old 23rd Jun 2020, 11:38
  #343 (permalink)  
 
Join Date: Jun 2019
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I would think middle management and other BS jobs will go first. Aussies traveling domestic will be higher than normal as long as borders open, when NZ let us in and vice versa we will also have FiJi. Plenty of bums on seats for NB operations.
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Old 23rd Jun 2020, 11:43
  #344 (permalink)  
 
Join Date: Dec 2000
Location: Australia
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Thatís the way, save my job but destroys everybody else.

Donít worry, Iím sure there will be plenty of misery to go around.

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Old 23rd Jun 2020, 11:47
  #345 (permalink)  
 
Join Date: May 2006
Location: Australia
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Originally Posted by wszza View Post
Ah yes, throw 300+ colleagues under the bus + all those that will be demoted because of your vendetta against the company. You must be a joy to fly with
When did I say throw 300+ colleagues under the bus?
WHAT I said was we have an EA that QF only agreed to a few months a go. Hell they pushed it!
Now they want to change it?
Infact they havenít demanded anything yet. Everyoneís jumping to hand over conditions!
Why donít we just wait and hear what they have to say at the end of the week?
I have ideas but Iím not going to offer them up before I hear what they have to say.
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Old 23rd Jun 2020, 12:27
  #346 (permalink)  
 
Join Date: Jun 2011
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And everyone voted for it because the Sunrise Fleet HAD to be ordered by the end of March. Great to know those jets are on their way
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Old 23rd Jun 2020, 12:34
  #347 (permalink)  
Keg

Nunc est bibendum
 
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Location: Sydney, Australia
Posts: 5,271
The only difference between Qantas and ‘everyone else’ is the size of Qantas domestic network compared to international. So whilst I can see international being paired back quite strongly for the next 12-18 months, I’d be surprised if there was much of an impact on mainline SH crew apart from staying on MGH for the foreseeable future once they get back to about 75% of pre COVID levels. Of course that 75% mark may not be until close to December, or as wheels down Correctly put it, much later if Victoria stuffs up this community transmission.

What to do about international the in the interim? Who freaking knows!

A lot of this comes down to a vaccine. If one of those gets up and going within the next 6-12 months the 12-18 months after that could be flat out.
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Old 23rd Jun 2020, 13:16
  #348 (permalink)  
 
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Could be. But wonít. Read up on the Depression. Weíve got another 9 months until the financials of March Ď20 hit. Itís not going to be pretty - most in the Western world are sitting pretty (not crew) because stimulus is so far covering their lifestyles. Nice break to get those home Renoís done and catch up on Netflix.That fun is ending very soon. Then what?

There arenít even enough syringes in the world to administer vaccines - thatís aside from any nasty mutations or even developing and administering the thing.

Kung Flu is the gift that will keep on giving....

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Old 23rd Jun 2020, 14:13
  #349 (permalink)  
 
Join Date: Aug 2007
Location: sydney
Age: 57
Posts: 444
A safe and effective vaccine is conceivable given the huge $ being spent this time, and given the many independent efforts currently underway. But previous SARS coronavirus vaccine research failed (the vaccine appeared to be hazardous rather than protective to animals who were exposed to the SARS virus after the vaccine). So a vaccine (and any plans dependent on a vaccine) are no more than plausible at this very early stage. I don't think it is realistic to plan on a vaccine.

The economy is sick. Far sicker than many people suspect. Huge money is being invested in stock markets which have recovered quickly. However the stock markets are now totally disconnected from fundamentals in the real world economy. As V-jet said, it is all being propped up by stimulus. But that has to end at some stage.

I suspect COVID will be with us indefinitely. It is much less lethal than previously thought - perhaps 0.1% mortality in well people < 70 years. It can be controlled somewhat - at a price. But I doubt it can be completely contained. Some difficult compromises will need to be taken balancing the twin priorities of stimulating the economy and protecting the vulnerable.

There are multiple geopolitical threats. There is an unpredictable US election in 5 months. And there is the growing spectre of China applying economic pressure to influence Australia's political leaders.

So overall, volatility and risk are both off the scale.

Warren Buffett sold his airline stock. All of it. Including carriers which were majority domestic operations.
https://www.theguardian.com/world/20...after-covid-19
https://www.businessinsider.com/amer...tt-exit-2020-6

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Old 23rd Jun 2020, 22:46
  #350 (permalink)  
 
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With Qantas saying they will update by the end of June, this coincides with the 3 month requirement for redundancy in most agreements.....being July,August and September. Jobkeeper ends on 27 September and government is consistently said it will end then. Also what a reborn VA will consist of should be known by then. So I am thinking it could be 20-30% of Qf workforce affected in some way or the other! Hopefully no more than that!
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Old 23rd Jun 2020, 22:55
  #351 (permalink)  
 
Join Date: Jan 2013
Location: Australia
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Up to 9000 group wide, or 30ish%
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Old 24th Jun 2020, 02:57
  #352 (permalink)  
 
Join Date: Mar 2012
Location: Dark Side of the Moon
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Announcement tommorrow.
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Old 24th Jun 2020, 03:33
  #353 (permalink)  
 
Join Date: Jun 2019
Location: Denmark
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Had there been any email about this? I donít have one about possible redundancies. Or is this pure speculation that there will be an announcement regarding lay offs.
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Old 24th Jun 2020, 04:34
  #354 (permalink)  
 
Join Date: Mar 2012
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No comms from Company, but a Manager has told me there will be a Group Wide announcement tomorrow which will include plans for up to 10,000 redundancies. Might just be a rumour but fits with the stock exchange announcement on Monday morning, my feeling is that narrow body domestic and Tasman operators will be largely untouched with the brunt coming in non operational and international wide body areas. Good luck everyone.
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Old 24th Jun 2020, 04:48
  #355 (permalink)  
 
Join Date: Jun 2019
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Well lets hope its a rumor, Surely the company and unions can come to a SLWOP agreement preserving jobs, after all we will be flying to Europe again one day.
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Old 24th Jun 2020, 04:52
  #356 (permalink)  
 
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I hope so as well, what I do know of Qantas though is their version of consultation is to listen to our Unions idea’s and then to do whatever they have decided to do.
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Old 24th Jun 2020, 04:54
  #357 (permalink)  
 
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I'm not sure AJ would be running a Town Hall the day they make an announcement such as that.
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Old 24th Jun 2020, 05:34
  #358 (permalink)  
 
Join Date: Apr 2010
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Such a large announcement such as that would require a ASX release before they announced it internally.

This stuff is fairly confidential outside a C line role so could be well off the mark.
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Old 24th Jun 2020, 05:41
  #359 (permalink)  
 
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It’s coming it will be brutal.
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Old 24th Jun 2020, 05:45
  #360 (permalink)  
 
Join Date: Apr 2010
Location: Asia
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Once in a generation chance to pull out a large amount of cost in one hit. Everyone is doing it.
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