QF Group possible Redundancy Numbers/Packages
https://www.brisbanetimes.com.au/bus...ource=rss_feed
But now it is time to deal with staffing levels.
The most difficult to deal with will be the international pilots. It is understood Qantas will initially offer voluntary redundancies for pilots over 60 years old, but may need to go to compulsory redundancies.
The most difficult to deal with will be the international pilots. It is understood Qantas will initially offer voluntary redundancies for pilots over 60 years old, but may need to go to compulsory redundancies.
Below 570 ish, we are all ‘new hire’ pilots. We appear on Q list and A list. If redundancy got this far, there are specific provisions on how redundancy works.
as a new hire pilot, it is reverse seniority..in accordance with the pilots agreement. If you are a SH pilot...are you employed on the LH award?
as a new hire pilot, it is reverse seniority..in accordance with the pilots agreement. If you are a SH pilot...are you employed on the LH award?
Below 570 ish, we are all ‘new hire’ pilots. We appear on Q list and A list. If redundancy got this far, there are specific provisions on how redundancy works.
as a new hire pilot, it is reverse seniority..in accordance with the pilots agreement. If you are a SH pilot...are you employed on the LH award?
as a new hire pilot, it is reverse seniority..in accordance with the pilots agreement. If you are a SH pilot...are you employed on the LH award?
its not what’s right...it’s whose lawyers can argue the best.
anyway, I’m confident that noone will leave unless they want to..and that as a collective, we can find a way to support everyone’s position.
Philosophers have been debating whether egalitarianism or utilitarianism is superior for thousands of years. I don’t think pilots are going to solve it. Fortunately, a consensus won’t be required. Sometimes certainty, even if the initial outcome seemed unfavourable, is more beneficial than a death by a thousand cuts.
Actually during the 767 RIN the company advised that CR would apply to surplus positions.
So if you find yourself in a surplus position, that position can be made redundant.
You also cannot displace someone from a different award.
So if Qantas go down the CR path, your position can become redundant, and if there is nowhere else for you to go, the retrenchment list will be your home.
So if you find yourself in a surplus position, that position can be made redundant.
You also cannot displace someone from a different award.
So if Qantas go down the CR path, your position can become redundant, and if there is nowhere else for you to go, the retrenchment list will be your home.
That's an engineering request to temporarily store aircraft in a low humidity environment rather than permanent disposal of the aircraft.
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Thats why the ‘QP’ regos (-300) are doing the flying atm, both domestic and international, as they have less cycles than the others.
I would be stunned if they go to the states, maybe to YBAS if there is room?
Or perhaps kick singair out of there🤬$$$$$.
But I’ve been wrong before.
I would be stunned if they go to the states, maybe to YBAS if there is room?
Or perhaps kick singair out of there🤬$$$$$.
But I’ve been wrong before.
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This from the AFR late last night:
Qantas has called in its investment bankers to help consider its liquidity position ahead of its June 30 balance date.
Qantas Airways is considering its financial position ahead of its June 30 balance date. Paul Rovere
The bankers, including long-time adviser Macquarie Capital, are understood to be taking Qantas through a range of options including a $1 billion-plus equity raising.
Sources said Qantas' board, led by chairman Richard Goyder, had yet to sign off on a deal, However, it's understood discussions were set to continue throughout Wednesday night and into Thursday.
While Qantas has resisted calls to raise equity during the COVID-19 pandemic, it is easy to see how the board could decide it was prudent to top up its capital position in light of the circumstances, and ongoing uncertainty about when conditions will improve. There's also the possibility that there could be a second wave of COVID-19 inspired lockdowns, which would prolong the pain for Qantas.
Qantas Airways is considering its financial position ahead of its June 30 balance date. Paul Rovere The bankers, including long-time adviser Macquarie Capital, are understood to be taking Qantas through a range of options including a $1 billion-plus equity raising.
Sources said Qantas' board, led by chairman Richard Goyder, had yet to sign off on a deal, However, it's understood discussions were set to continue throughout Wednesday night and into Thursday.
While Qantas has resisted calls to raise equity during the COVID-19 pandemic, it is easy to see how the board could decide it was prudent to top up its capital position in light of the circumstances, and ongoing uncertainty about when conditions will improve. There's also the possibility that there could be a second wave of COVID-19 inspired lockdowns, which would prolong the pain for Qantas.
While the share price has recovered from its lows and share market is defying gravity seems to me it would be a very sensible thing to do.
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Raising cash from investors is better than accruing even more debt imo. With mass redundancies now being touted they will need the cash.
https://www.smh.com.au/business/comp...24-p555st.html
https://www.smh.com.au/business/comp...24-p555st.html
I seem to remember Joyce saying during one of those babble fest, town halls that QF could hold out till the end of 2021, now they can’t. He’s been economic with the truth somewhere, my guess is that this is him signals to both the government and the unions in order to get either of them to bend to his will. Only a despicable prick would make statements suggesting one thing and then do the opposite, and to think that those town hall briefings were dripping with an undying commitment to the wellbeing of QF staff.