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QF Group possible Redundancy Numbers/Packages

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QF Group possible Redundancy Numbers/Packages

Old 8th Sep 2020, 08:49
  #1781 (permalink)  
34R
 
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Ba ha ha.... yes.. I was thinking the same thing


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Old 8th Sep 2020, 09:42
  #1782 (permalink)  
 
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Originally Posted by Blueskymine View Post
Just also be very mindful that that extra market share is at the expensive of someone else’s livelihood.

Many of those effected would have been ideal candidates for Qantas, but took a moral stance on the options available at the time regarding the low cost operation which was hiring.
Funny.....funny stuff
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Old 8th Sep 2020, 09:58
  #1783 (permalink)  
 
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Originally Posted by Blueskymine View Post
Many of those effected would have been ideal candidates for Qantas, but took a moral stance on the options available at the time regarding the low cost operation which was hiring.
Lol, I just took the first job that came up. That just happened to be Qantas.
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Old 8th Sep 2020, 10:04
  #1784 (permalink)  
 
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Originally Posted by Blueskymine View Post
Many of those effected would have been ideal candidates for Qantas, but took a moral stance on the options available at the time regarding the low cost operation which was hiring.
hahahahahaha.

Jesus christ.
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Old 8th Sep 2020, 11:05
  #1785 (permalink)  
 
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A real salt of the earth operator
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Old 8th Sep 2020, 11:48
  #1786 (permalink)  

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Old 8th Sep 2020, 12:11
  #1787 (permalink)  
 
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Originally Posted by Blueskymine View Post
Just also be very mindful that that extra market share is at the expensive of someone else’s livelihood.

Many of those effected would have been ideal candidates for Qantas, but took a moral stance on the options available at the time regarding the low cost operation which was hiring.
I had to read that several times to try and wrap my head around it. I still don't get it.
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Old 8th Sep 2020, 12:26
  #1788 (permalink)  
 
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I'm with you old mate. I don't get what he's talking about.
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Old 8th Sep 2020, 17:33
  #1789 (permalink)  
 
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Originally Posted by ECAMACTIONSCOMPLETE View Post
Perhaps a travel voucher system (such as Tasmania) will help kick start the domestic tourism economy post pandemic.

Household saving has increased to 19.8% up from 6%. Yes there are those that have lost their jobs, but those that haven't have been stuck at home for the best part of a year and have cash to burn.

Given we are in the aviation industry we probably have a skewed view of the doom and gloom as we all personally know dozens of people that have lost their jobs, but there are many industries which have not been nearly as affected.
Been through many recessions?

Despite the few extra dollars being squirrelled away Australian households are still the second most indebted in the world. The margin calls on mortgages and the downward drag on wages takes years to really have an impact. Those few extra dollars saved either as a result of government policy or prudent spending shouldn’t be used on discretionary expenditure.
Sure, the government will encourage you to spend and even borrow in an attempt to kick the can even further down the road, and they may even be successful. Briefly.

Borrowing, whether by individuals or governments, is simply spending tomorrow’s money today. Eventually we have to transition into a tomorrow that has less money as yesterday spent a lot of it.

Last edited by Progress Wanchai; 8th Sep 2020 at 17:54.
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Old 8th Sep 2020, 22:11
  #1790 (permalink)  
 
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Margin calls on residentual mortgages?

now thats now FUD

the prohets of doom love this shit
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Old 9th Sep 2020, 00:43
  #1791 (permalink)  
 
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Originally Posted by maggot View Post
Margin calls on residentual mortgages?

now thats now FUD

the prohets of doom love this shit
Depends on the currency the loan was in
Previously an adverse currency movement could be offset by a higher property valuation, but if valuations fall then that’s not possible.

Sure this won’t affect many, just as unemployment won’t affect many, but the knock on consequences can affect everyone. America’s subprime issue only affected a small proportion of borrowers who had used increased valuations to stay above water as interest rates changed, but it had repercussions that went further than the affected borrowers.

My point being that’s it’s probably prudent that the second most indebted households in the world actually do start to save and pay off debt. It had to happen at some stage.
Stating that capitalism is alive and well and going through one of its inevitable cycles is hardly forecasting doomsday, although perhaps it might feel like it for some who have only ever seen one side of the capitalist system coin.

Last edited by Progress Wanchai; 9th Sep 2020 at 02:16.
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Old 13th Sep 2020, 04:04
  #1792 (permalink)  
 
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Has anyone checked with normanton if 260 takers for LWOP was enough?

The way he/she was carrying on about every SO taking it, I would have thought the number of applicants was closer to 4 or 500!
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Old 15th Sep 2020, 03:41
  #1793 (permalink)  
 
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Qantas thinking moving out of Mascot base to Western Sydney. The ever changing face of Australian aviation.
If you said that this time last year, standard answer, what the hell are you smoking!

https://www.smh.com.au/business/comp...15-p55vq2.html
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Old 15th Sep 2020, 04:08
  #1794 (permalink)  
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Depends on the headline. Some of the headlines talk about moving out of SYD for MEL. I bet the headlines in MEL are for JQ to move to SYD.

It’s all about trying to gouge the various state governments (and perhaps even local councils) for some $$$. I wouldn’t write off the possibility that the QF training center in SYD will still go ahead.
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Old 15th Sep 2020, 04:19
  #1795 (permalink)  
 
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These kind of moves rarely happen as all those in the upper echelons have no interest in actually living in Western Sydney or commuting for 3 hours a day from the Eastern Suburbs or North Shore. They might move some operational sections to Western Sydney but the main departments in HQ will remain where they are or end up in the CBD.

Not forgetting the several large businesses in recent years who have nearly blown up because they decided to move HQ only to see all their staff resign as they didn't want to commute or move interstate.
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Old 15th Sep 2020, 04:28
  #1796 (permalink)  
 
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Half of QF live in the shire, how on earth will this work?
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Old 15th Sep 2020, 04:31
  #1797 (permalink)  
 
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Originally Posted by neville_nobody View Post
Not forgetting the several large businesses in recent years who have nearly blown up because they decided to move HQ only to see all their staff resign as they didn't want to commute or move interstate.
Pretty sure that would be part of the reason to move out west, resignations are cheaper than redundancy.
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Old 15th Sep 2020, 07:16
  #1798 (permalink)  
 
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This would makes sense really if QF could get a premium price of office space have JQ, QF under the one roof one stop shop for group CEO. Western SY will be a big airport.
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Old 15th Sep 2020, 07:21
  #1799 (permalink)  
 
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Virgin got $200M to keep their office in Brisbane.

Alan is just wondering where his $200M is.
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Old 15th Sep 2020, 07:32
  #1800 (permalink)  
 
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AFR @ https://www.afr.com/companies/transp...0200915-p55vsz

SMH @ https://www.smh.com.au/business/comp...15-p55vv6.html

Simon Hickey (ex QF) to roll out the red carpet...

This will be interesting. They'll need to factor in the cost of people relocation too... It would want to be a tangible incentive to move state. WS seems more likely with JQ relocation expense.

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