QF Group possible Redundancy Numbers/Packages
Join Date: Dec 1999
Location: I prefer to remain north of a direct line BNE-ADL
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Ozbiggles I wasn’t talking about companies taking on debt, it was the government! QF and VA can’t get interest rates close to 0.5%, but the government can. VA would have been hard pressed to get any loan under around 5 % and also who the hell is going to offer them the loan? no one!
Because they were a basketcase to start with!
Because they were a basketcase to start with!
I was talking about both...there is no such thing as free money (or close to free). Unless you win powerball..
The taxpayer still has to pay it back long after the politicians who spent it have gone.
The taxpayer still has to pay it back long after the politicians who spent it have gone.
Last edited by ozbiggles; 22nd Jun 2020 at 12:44.
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I don’t think it’s as easy as saying you are stood down and you don’t accrue any leave entitlements as it’s part of the FWA act and would need an amendment to the act.
I don’t think it’s as easy as saying you are stood down and you don’t accrue any leave entitlements as it’s part of the FWA act and would need an amendment to the act.
The EA covers this scenario very well. As mentioned, notice periods, CR payments and re employment when the time comes.
Let it be.
Very lucky to have it there.
They certainly had no qualms when it came time to cut off negotiations and put a ‘take it or leave it’ vote to the pilots earlier in the year.
Chances are they will have Buckley’s chance of a variation vote getting up.
It’s opportunistic to clear the ‘leave’ decks and pay no one at this time.
Just leave it at that.
Let it be.
Very lucky to have it there.
They certainly had no qualms when it came time to cut off negotiations and put a ‘take it or leave it’ vote to the pilots earlier in the year.
Chances are they will have Buckley’s chance of a variation vote getting up.
It’s opportunistic to clear the ‘leave’ decks and pay no one at this time.
Just leave it at that.
Join Date: May 2020
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The EA covers this scenario very well. As mentioned, notice periods, CR payments and re employment when the time comes.
Let it be.
Very lucky to have it there.
They certainly had no qualms when it came time to cut off negotiations and put a ‘take it or leave it’ vote to the pilots earlier in the year.
Chances are they will have Buckley’s chance of a variation vote getting up.
It’s opportunistic to clear the ‘leave’ decks and pay no one at this time.
Just leave it at that.
Let it be.
Very lucky to have it there.
They certainly had no qualms when it came time to cut off negotiations and put a ‘take it or leave it’ vote to the pilots earlier in the year.
Chances are they will have Buckley’s chance of a variation vote getting up.
It’s opportunistic to clear the ‘leave’ decks and pay no one at this time.
Just leave it at that.
.there is now such thing as free money (or close to free). Unless you win powerball..
Quantitative Easing is essentially making money appear from nowhere.
https://en.wikipedia.org/wiki/Fiat_money
https://www.afr.com/policy/economy/q...0200323-p54cvr
https://www.investopedia.com/article...ates-money.asp
So you are advocating we should do what Zimbabwe does?
from one of your sources.
So again there is no such thing as a free ride. Unless you consider hyperinflation a fun thing.
from one of your sources.
Loss of backing[edit]
A fiat-money currency greatly loses its value should the issuing government or central bank either lose the ability to, or refuse to, further guarantee its value. The usual consequence is hyperinflation. Some examples where this has occurred are the Zimbabwean dollar, China in 1945 and the mark in the Weimar Republic in 1923.So again there is no such thing as a free ride. Unless you consider hyperinflation a fun thing.
I made no such advocacy. I asked a question and pointed out that the USA and Australia have already done this and are doing it. I make no value judgement. This is the reality, not my opinion.
The key words in that quote however are either lose the ability to, or refuse to, further guarantee its value.
The key words in that quote however are either lose the ability to, or refuse to, further guarantee its value.
Join Date: Jan 2017
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Qantas Airways Ltd has told pilots it plans to make an announcement on the airline’s future direction by the end of the month and that it hopes to avoid forced job cuts among flight crew, two people with knowledge of the matter told Reuters.
Qantas International Chief Executive Tino La Spina made the remarks at a webinar with pilots on Monday, said the people, who declined to be identified as they were not authorised to speak with media.
La Spina said avoiding forced redundancies, which he would view as a “failure”, would require flexibility from the workforce as the airline grapples with the coronavirus outbreak, the people said.
Measures could include early retirement, voluntary redundancy and pilots agreeing to be paid for fewer than the minimum hours in their industrial agreements due to the lack of flying, one of the people said.
Qantas International Chief Executive Tino La Spina made the remarks at a webinar with pilots on Monday, said the people, who declined to be identified as they were not authorised to speak with media.
La Spina said avoiding forced redundancies, which he would view as a “failure”, would require flexibility from the workforce as the airline grapples with the coronavirus outbreak, the people said.
Measures could include early retirement, voluntary redundancy and pilots agreeing to be paid for fewer than the minimum hours in their industrial agreements due to the lack of flying, one of the people said.
It always astounds me people expecting to hear anything new and exciting on these town halls when the first thing that happens after is people do pay for comment to the media. Interesting times ahead. No forced job losses would be a nirvana but here’s hoping.
Join Date: Jan 2019
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“Please help us avoid redundancies by accepting a pay cut”.
Six months later...
“Really sorry but that didn’t work, we’re going to need to lay people off. By the way, your redundancy payout is based on the reduced T&C’s you agreed to six months ago”.
I’m unaware of an airline manager anywhere who wouldn’t sell his/her mother’s pacemaker.
Six months later...
“Really sorry but that didn’t work, we’re going to need to lay people off. By the way, your redundancy payout is based on the reduced T&C’s you agreed to six months ago”.
I’m unaware of an airline manager anywhere who wouldn’t sell his/her mother’s pacemaker.
Nunc est bibendum
“Please help us avoid redundancies by accepting a pay cut”.
Six months later...
“Really sorry but that didn’t work, we’re going to need to lay people off. By the way, your redundancy payout is based on the reduced T&C’s you agreed to six months ago”.
I’m unaware of an airline manager anywhere who wouldn’t sell his/her mother’s pacemaker.
Six months later...
“Really sorry but that didn’t work, we’re going to need to lay people off. By the way, your redundancy payout is based on the reduced T&C’s you agreed to six months ago”.
I’m unaware of an airline manager anywhere who wouldn’t sell his/her mother’s pacemaker.
I’d prefer to see it the other way around. If we vote on a variation to the agreement to share the pain and preserve as many jobs as possible through things like flexible divisors I’d like to see greater CR redundancy provisions.
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I could not agree more Keg.
However, the problem becomes short haul will be asked to make the majority of the concessions to share the pain. If the “4 holers” (sorry for the stupid reference, but this is how some w@nker referred to himself in a webinar) want to start flying again anytime soon, it has to be in short haul. Any change to MGH in short haul to bring in surplus long haul crew will in my opinion fail. Of interest, if the change was to bring all short haul crew back, I think that would be a different story.
Short haul has already taken a circa 34% pay drop to MGH (72 hrs vs 53.54). Long haul fleets when they were flying were still cruising along on 160/145 (B787 - at a high hourly rate) a little while ago - a reduction of a whopping 9% from their usual divisor of 175, even if it was only for 4 week rosters. Didn’t see too much talk about reducing divisors then.... If these guys/girls want to fly on the B737 when there is not enough flying for the current crews, they may need start making some sacrifices themselves.
However, the problem becomes short haul will be asked to make the majority of the concessions to share the pain. If the “4 holers” (sorry for the stupid reference, but this is how some w@nker referred to himself in a webinar) want to start flying again anytime soon, it has to be in short haul. Any change to MGH in short haul to bring in surplus long haul crew will in my opinion fail. Of interest, if the change was to bring all short haul crew back, I think that would be a different story.
Short haul has already taken a circa 34% pay drop to MGH (72 hrs vs 53.54). Long haul fleets when they were flying were still cruising along on 160/145 (B787 - at a high hourly rate) a little while ago - a reduction of a whopping 9% from their usual divisor of 175, even if it was only for 4 week rosters. Didn’t see too much talk about reducing divisors then.... If these guys/girls want to fly on the B737 when there is not enough flying for the current crews, they may need start making some sacrifices themselves.
International cabin crew managers stood up from Friday for 30 days. Redundancies to be announced on Friday.
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