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QF Group possible Redundancy Numbers/Packages

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QF Group possible Redundancy Numbers/Packages

Old 23rd Aug 2020, 02:00
  #1521 (permalink)  
 
Join Date: Jan 2006
Location: Sydney Australia
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My 2 Bobs’

Sadly for all the suffering VA employees, Bain will enact their exit strategy once the reality of the future domestic market is without doubt.

Qantas domestic will grow back slowly.

Qantas International will be Nationalised by the Government.
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Old 23rd Aug 2020, 02:05
  #1522 (permalink)  
 
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I should have said Airline Employees as opposed to Airlines
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Old 23rd Aug 2020, 02:17
  #1523 (permalink)  
 
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As this Covid business seems it will drag on beyond Xmas . QF will likely go into Voluntary Administration early in the new year .
This would allow a full reset of EBA agreements and if you donít like it leave scenario .
Itís QFs best play to level the playing field and rebuild totally on their terms .
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Old 23rd Aug 2020, 02:21
  #1524 (permalink)  
 
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Originally Posted by Rabbitwear View Post
As this Covid business seems it will drag on beyond Xmas . QF will likely go into Voluntary Administration early in the new year .
This would allow a full reset of EBA agreements and if you donít like it leave scenario .
Itís QFs best play to level the playing field and rebuild totally on their terms .
And it can't be ruled out as a key strategy moving forward, one I was reluctant to post here myself
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Old 23rd Aug 2020, 02:36
  #1525 (permalink)  
 
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Originally Posted by Rabbitwear View Post
As this Covid business seems it will drag on beyond Xmas . QF will likely go into Voluntary Administration early in the new year .
This would allow a full reset of EBA agreements and if you don’t like it leave scenario .
It’s QFs best play to level the playing field and rebuild totally on their terms .


Covid sanctioned Phoenixing ?
The basis of every HR/IR wet dream ?
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Old 23rd Aug 2020, 02:48
  #1526 (permalink)  
 
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Originally Posted by Xeptu View Post
And it can't be ruled out as a key strategy moving forward, one I was reluctant to post here myself
Xeptu I'm shocked no one here has called you out properly on your absolute BS talk and fear mongering rhetoric. I had to create an account to say something. You clearly have no idea about industrial law and standard business practices and it seems you're more of a troll here than a useful contributor. You don't even understand the basic concept of stand down and the relation to jobkeeper. They aren't linked. Stop trying to scare people into your strange ideas.

No company wants to go into voluntary admin, if this were the case every financial year every company with a unionised workforce would just 'reset'. There's a lot more at stake than just reputation going into voluntary admin, go have a read of the Virgin thread or better yet, go do an MBA and come back with some actual knowledge.

Take off the tin-foil and head outside for your one hour of exercise please. Your garbage is clogging up this thread.
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Old 23rd Aug 2020, 03:23
  #1527 (permalink)  
 
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Originally Posted by Rabbitwear View Post
As this Covid business seems it will drag on beyond Xmas . QF will likely go into Voluntary Administration early in the new year .
This would allow a full reset of EBA agreements and if you donít like it leave scenario .
Itís QFs best play to level the playing field and rebuild totally on their terms .
you think QF would go into administration and take on all the associated risks just to reset (not how it works) some EAís? I dont think so.

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Old 23rd Aug 2020, 03:29
  #1528 (permalink)  
 
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Originally Posted by blow.n.gasket View Post
Covid sanctioned Phoenixing ?
The basis of every HR/IR wet dream ?
Personally, I think its a "people who don't work for Qantas" wet dream. AJ and Co's entire fortune is wrapped up in the share price.
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Old 23rd Aug 2020, 03:30
  #1529 (permalink)  

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Oooh, do you think though? Lets not forget the "discrepancy" of VA's books from entering into Administration to what was actually found. Would certain people want the books looked at so closely?
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Old 23rd Aug 2020, 03:38
  #1530 (permalink)  
 
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Lol..you can’t just go into VA...In all but exceptional circumstances you need to be insolvent..(as a company)

Financial ‘runway’ available to QF was one of the most asked questions following the full year results. The market believes AJ answers.

Many changes are coming to QF... Voluntary Admin ‘early next year’ is not one of them. Have a look at Virgin. They could no longer pay their company wide debts so they became insolvent so had no choice but to enter VA. However, the frequent flyer program was not put into administration. It would be possible if this dragged on and on and QF could not cover their debt covenants, that triggers for VA could be met and International might be ‘hung out to dry’ to initiate a political dispute for the ages. Luckily for all but the sadists, this a quite a way off yet.

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Old 23rd Aug 2020, 04:15
  #1531 (permalink)  
 
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Originally Posted by Cirressna View Post
Xeptu I'm shocked no one here has called you out properly on your absolute BS talk and fear mongering rhetoric. I had to create an account to say something. You clearly have no idea about industrial law and standard business practices and it seems you're more of a troll here than a useful contributor. You don't even understand the basic concept of stand down and the relation to jobkeeper. They aren't linked. Stop trying to scare people into your strange ideas.

No company wants to go into voluntary admin, if this were the case every financial year every company with a unionised workforce would just 'reset'. There's a lot more at stake than just reputation going into voluntary admin, go have a read of the Virgin thread or better yet, go do an MBA and come back with some actual knowledge.

Take off the tin-foil and head outside for your one hour of exercise please. Your garbage is clogging up this thread.
I said it can't be ruled out, not that it was likely to happen. I understand that you're emotionally invested, hence your personal attack, I have been around a long time, this is not my first rodeo and I have a very good understanding of how it works thanks. I concede post covid is a whole new ball game, such that nothing is off the table.
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Old 23rd Aug 2020, 04:27
  #1532 (permalink)  
 
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You speculators are just so clueless.

- Qantas is cash flow positive with just 20% of its domestic network operating and loyalty.

- it owns its fleet (bar the few new 787s it recently hocked for some extra cash

- with standdown it has a large workforce ready to rapidly stand up when required.

- it owns a lot of property outright

- it has 4 billion in cash plus a further billion it can access if required

- domestic will rapidly turn on when the borders are relaxed

- international can afford to be parked with an owned fleet

- international wonít be nationalised.

- qantas will use Jetstar to shield itself from virgin

- it qantas needs cash it will sell Jetstar. That would be a last resort and would probably be going into FY21/22 if this debacle continues.
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Old 23rd Aug 2020, 04:27
  #1533 (permalink)  
 
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Originally Posted by Xeptu View Post
I said it can't be ruled out, not that it was likely to happen. I understand that you're emotionally invested, hence your personal attack, I have been around a long time, this is not my first rodeo and I have a very good understanding of how it works thanks. I concede post covid is a whole new ball game, such that nothing is off the table.
Pointing out somebody's ignorance is not a personal attack.
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Old 23rd Aug 2020, 04:32
  #1534 (permalink)  
 
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Originally Posted by SandyPalms View Post
Pointing out somebody's ignorance is not a personal attack.
I guess it remains to be seen just who is ignorant.
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Old 23rd Aug 2020, 06:17
  #1535 (permalink)  
 
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Here’s the thing Xeptu. It is possible in your bucket load of visions/ideas something might come good for you just like in penny stock investing. Most likely though, you will walk away with nothing. Those that pipe up do so, begrudgingly, because based on industrial and business experience they know you are doing nothing more than scaremongering. It is uneducated drivel whose traction depends on those who know less than you. It’s a fine example of those having a little knowledge being far more dangerous than those with none.
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Old 23rd Aug 2020, 07:09
  #1536 (permalink)  
 
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Everything about this situation so far has resulted in the worst thing happening. Nothing has improved from day 1. Thinking of how the situation could further spiral out of control isn't scaremongering. It's called thinking outside the box, and planning accordingly.

Whilst I don't agree with everything Xeptu has said, they are bang on the money on more than a few points.

Have a good think about this 'out there idea'.

Whats the backup plan if internal borders stay closed? Business leaders will next push for the PM to hold an urgent referendum on a vote to become a republic. A president elect will then have the power to dissolve states, and the power states have over their own borders.

Yes votes in a referendum from NSW + VIC alone would out number No votes from WA + NT + SA + QLD + TAS.
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Old 23rd Aug 2020, 07:30
  #1537 (permalink)  
 
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Yikes!
There are going to be some interesting CRM exercises at EPs when things start to crank up again if Flight Ops. are watching this thread.
Keep it nice people.
How you remember this episode will depend on how you behaved under pressure.
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Old 23rd Aug 2020, 07:32
  #1538 (permalink)  
 
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Even if borders stay closed, and the current $40mill a week last for another 12 months. That’s $2 Billion. Even then QF will not be insolvent. Naturally further capital measures will have been attempted before then to prevent widespread shorting of QAN stock. It’s that simple. QF have no debt covenants due.

If we were having this discussion in 12 months due to the above situation eventuating I might start agreeing with some of the points. However, it would be old news as every paper would be covering it. Also Bain and Virgin would be dead by then if that was the case.

It Is uneducated scaremongering horse shit because it is devoid of fact. As for other non metric derived suggestions created by some on here (which you are entitled as a rumour network) understand they lack the wisdom of history at best, and at worst they contradict the very agreements in place which were signed as the COVID-19 disaster was unfolding.
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Old 23rd Aug 2020, 07:36
  #1539 (permalink)  
 
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Originally Posted by normanton View Post
Yes votes in a referendum from NSW + VIC alone would out number No votes from WA + NT + SA + QLD + TAS.
I don't think that's how it works. Australia is a federation of states. In order for a referendum to succeed there needs to be a majority of electors in a majority of states.
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Old 23rd Aug 2020, 07:54
  #1540 (permalink)  
 
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Originally Posted by Cirressna View Post
Xeptu I'm shocked no one here has called you out properly on your absolute BS talk and fear mongering rhetoric. I had to create an account to say something. You clearly have no idea about industrial law and standard business practices and it seems you're more of a troll here than a useful contributor. You don't even understand the basic concept of stand down and the relation to jobkeeper. They aren't linked. Stop trying to scare people into your strange ideas.

No company wants to go into voluntary admin, if this were the case every financial year every company with a unionised workforce would just 'reset'. There's a lot more at stake than just reputation going into voluntary admin, go have a read of the Virgin thread or better yet, go do an MBA and come back with some actual knowledge.

Take off the tin-foil and head outside for your one hour of exercise please. Your garbage is clogging up this thread.
Well said!! I could add a few of our favourite amateurs on here who also fit this description. Speaking of...

Originally Posted by normanton View Post
Everything about this situation so far has resulted in the worst thing happening. Nothing has improved from day 1. Thinking of how the situation could further spiral out of control isn't scaremongering. It's called thinking outside the box, and planning accordingly.

Whilst I don't agree with everything Xeptu has said, they are bang on the money on more than a few points.

Have a good think about this 'out there idea'.

Whats the backup plan if internal borders stay closed? Business leaders will next push for the PM to hold an urgent referendum on a vote to become a republic. A president elect will then have the power to dissolve states, and the power states have over their own borders.

Yes votes in a referendum from NSW + VIC alone would out number No votes from WA + NT + SA + QLD + TAS.
My god... Have you given up trying at this point...?

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