QF Group possible Redundancy Numbers/Packages
Nunc est bibendum
With so much changing on a week by week basis why would Qantas make a decision now? Better to sit on their hands for a bit longer. Can always re-visit fleet/ crewing plans in early 2021 and adjust accordingly.
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Listening to a professor on the Jim Wilson show this afternoon, he said that it takes up to 20 yrs to produce a vaccine however he mentioned there usually only a hand full of company's making them. With Covid-19 there is 160 companies trying to produce a vaccine which is unheard of, rightly so given what is at stake. 12-18 month time frame by the professor was a reference for production and distribution then administer the dose then waiting for it to be effective with in the population.
Greg Hunt this morning said it would be early 2021 even if the vaccine was successful. Early 2021 has not really been defined is it January or April!
https://www.greghunt.com.au/transcri...ben-fordham-3/
Greg Hunt this morning said it would be early 2021 even if the vaccine was successful. Early 2021 has not really been defined is it January or April!
https://www.greghunt.com.au/transcri...ben-fordham-3/
With the 2019-2020 yearly to be announced tomorrow, does anyone have any thoughts on AJ 3 year plan and what changes he will make? What reductions to crew and cabin crew will be made to all of the group in particular QF and Jetstar?
Surely the 3 year plan announced in May will have changed and the crew numbers needed will have changed,
Surely the 3 year plan announced in May will have changed and the crew numbers needed will have changed,
IMO there will be little change announced tomorrow from the recovery plan announced in June (not May btw).
I’ve also noticed most of the time management tend to announce big changes when they’re ready to be announced, not wait until results day.
Early 2021 has not really been defined is it January or April!
...12-18 months away
Oh for f%#k sake,,,,, straight from the source, "IF" the vaccine is successful (meets benchmark criteria) we will know by the end of 2020, mass production can begin around April 2021, it will then take 12 months before sufficient numbers have been vaccinated, before restrictions can be lifted completely.
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With the 2019-2020 yearly to be announced tomorrow, does anyone have any thoughts on AJ 3 year plan and what changes he will make? What reductions to crew and cabin crew will be made to all of the group in particular QF and Jetstar?
747, 380 787 Jetstar 787 maybe even 330 crew will be surplus to requirements then 737 and 320 how much surplus is there as there is no end in sight for domestic borders opening up.
Surely the 3 year plan announced in May will have changed and the crew numbers needed will have changed, also given a vaccine will be at least 12-18 months away Qantas will want to reduce cash burn even further to even survive past December 2021.
747, 380 787 Jetstar 787 maybe even 330 crew will be surplus to requirements then 737 and 320 how much surplus is there as there is no end in sight for domestic borders opening up.
Surely the 3 year plan announced in May will have changed and the crew numbers needed will have changed, also given a vaccine will be at least 12-18 months away Qantas will want to reduce cash burn even further to even survive past December 2021.
Straight from today's profit announcement
Oh for f%#k sake,,,,, straight from the source, "IF" the vaccine is successful (meets benchmark criteria) we will know by the end of 2020, mass production can begin around April 2021, it will then take 12 months before sufficient numbers have been vaccinated, before restrictions can be lifted completely.
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They are just like everyone else- hoping for the best (“our 3 year plan is unchanged” & “5h!t this vaccine better work!”) but in the background they are planning for the worst (“where are we going to slash next to save the company?”)
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Of course- they are going to remain upbeat to the shareholders and public.
They are just like everyone else- hoping for the best (“our 3 year plan is unchanged” & “5h!t this vaccine better work!”) but in the background they are planning for the worst (“where are we going to slash next to save the company?”)
They are just like everyone else- hoping for the best (“our 3 year plan is unchanged” & “5h!t this vaccine better work!”) but in the background they are planning for the worst (“where are we going to slash next to save the company?”)
But I was countering Ragnor's hypothesis that an announcement would be made today regarding a changing of the 3 year plan.
I'm sure they're war gaming many scenarios.
Mainline Cabin Crew with an EBA under negotiation have already been presented with a fairly decent list of productivity and efficiency claims from management.
This cracks me up, the hypocrisy of him.
Offering voluntary (rather than compulsory) redundancy wherever possible and providing
large severance payouts for long-serving employees in particular.
Im wondering why he didn’t say except for pilots between 63 and 65.
Offering voluntary (rather than compulsory) redundancy wherever possible and providing
large severance payouts for long-serving employees in particular.
Im wondering why he didn’t say except for pilots between 63 and 65.
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Are you offended by that dragon_man?
There is practically 0 international flying for the foreseeable future. He's doing everything he can to try and save cash. If you owned Qantas would you pay out a VR package to someone who in two years time will be retiring, and can't be used for the next 2 years?
Its not the company's fault. It's not Allan's fault. It's not the pilot's fault. But that's the hand that's been dealt.
It's smart business accounting. Nothing more, nothing less.
There is practically 0 international flying for the foreseeable future. He's doing everything he can to try and save cash. If you owned Qantas would you pay out a VR package to someone who in two years time will be retiring, and can't be used for the next 2 years?
Its not the company's fault. It's not Allan's fault. It's not the pilot's fault. But that's the hand that's been dealt.
It's smart business accounting. Nothing more, nothing less.
Are you offended by that dragon_man?
There is practically 0 international flying for the foreseeable future. He's doing everything he can to try and save cash. If you owned Qantas would you pay out a VR package to someone who in two years time will be retiring, and can't be used for the next 2 years?
Its not the company's fault. It's not Allan's fault. It's not the pilot's fault. But that's the hand that's been dealt.
It's smart business accounting. Nothing more, nothing less.
There is practically 0 international flying for the foreseeable future. He's doing everything he can to try and save cash. If you owned Qantas would you pay out a VR package to someone who in two years time will be retiring, and can't be used for the next 2 years?
Its not the company's fault. It's not Allan's fault. It's not the pilot's fault. But that's the hand that's been dealt.
It's smart business accounting. Nothing more, nothing less.
Really then why would you pay it to a 380 pilot who is 62 when he has said today they are grounded for 3 years? Secondly they are not and cannot be made to retire they remain accruing annual and long service leave the same as everyone else and don’t tell me I’m wrong as the next one is 65 tomorrow and he has been told he can remain on jobkeeper along with the three that are already there.
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Really then why would you pay it to a 380 pilot who is 62 when he has said today they are grounded for 3 years? Secondly they are not and cannot be made to retire they remain accruing annual and long service leave the same as everyone else and don’t tell me I’m wrong as the next one is 65 tomorrow and he has been told he can remain on jobkeeper along with the three that are already there.
That's really great they can't be forced to retire. Whats even more great is they still accrue annual leave and long service leave while they wait for a 737 slot to appear sometime in the next 5 years. What's next? Finally get a 737 slot and call sick on day one of the ground school for 12 months sick leave?