QF JOB CUTS
 

Just hear on the ABC news, further job cuts for Qf. No info of where or when. Share price up 3c though.:D

Bollox.:=
Nothing on any of the ABC news websites.

It was on one of the commercial stations,10 I think and then the share price dropped but then after lunch went up again.As usual the share price has no relevance to actual value of the company and as usual the company is playing games again .

They probably have just heard about the engagement survey results and are having one of their hissy fits.The company has a standard media release when it is after something and it is most always about job cuts...I would be more concerned when they don't have any media releases about job cuts

20% to go from "corporate functions" according to The AFR. You can access the article thru the QF intranet.

Ahem -just out of curiosity Lowerlobe (assuming your nickname refers to the thinking bit)- what is the exact method of attributing an ACTUAL value of a publicly listed company, if not by the share price?:confused::confused:

Guppy Driver,

No, actually lowerlobe is from a long time ago in a much friendlier work environment. If you had been around then and flying the classic you would know what I am referring to.

A dozen different economists would probably give you a dozen different ways to measure the net worth or inherent value of a business.What I was referring to was that the share price would seem to be more of a perception rather than reality.

A few months ago ,I think it was another major Australian company announced the largest profit ever and the share price actually went down.The market reacts to whats happening on the board and if everyone else is selling then guess what happens.

20% to go =1000jobs ALL SECTORS with QF mainline wages to be cut. :*

Ah, the LLG. Fond memories of a friendlier time as you say.

Although I did find out another reason QF might be called the 'rat' on one CS-PHNL leg late one evening (a combi from memory) as a fat vermin stared me down after his/her meal was interrupted.

Home » Business » Breaking News » Article

Qantas to axe another 1,000 jobs: report

Qantas is to axe another 1,000 white-collar jobs this year as the company faces a looming $1 billion surge in its annual fuel bill.

Chief executive Geoff Dixon informed staff of the latest job cuts in a message on Wednesday, Fairfax reported.

The markets have yet to be given details, Fairfax said.

The cuts should deliver tens of millions of dollars in savings.

Mr Dixon told staff the airline had "reluctantly" decided to cut management, support and administration positions by 20 per cent across the group, resulting in a reduction of about 1,000 positions in the first half of the 2006-07 financial year.

"We have proposed and grown through previous crises in our industry by changing our cost base and this is again necessary," Fairfax quoted Mr Dixon as saying.

The announcement coincides with an annual review this week by the Qantas board of the airline's three-year strategy.

The massive increase in the cost of jet fuel was a key concern in the board's considerations, Mr Dixon said.

© 2006 AAP



This was on "The Sydney Morning Herald" website this morning.

GD is sacking(or disengaging) so many people that he won't have enough people left to adequately run the airline. It's hard to keep your eye on the ball while trying to avoid the axe over your head.

Will the last person left please turn out the lights!!!!!

QF's new theme song.............

"I don't call Australia home"

The damn light bulbs were sold off a couple of weeks ago!:rolleyes:

Qantas appears to be setting itself up for a meltdown once there is a blip in traffic volumes caused by economic conditions. "Staff cuts" are not the answer.

Given the number and frequency of the Board's screams about the need for cost cutting and that the mainline is a "Legacy" carrier, plus the cuts to engineering, plus the attacks on pilots and cabin crew's wages and conditions, I believe that anyone who has marketable skills would already have left the company.

Those left in the administrative areas must have reasons for staying that outweigh their perception of the risks involved.

This is not a very good situation for the company to be in, because people who are scared about losing their jobs don't perform very well.

Now we come to what appears to be an "arbitrary" cut of 20% in staff numbers. This is always just plain dumb because the work that needs to be done doen't decrease by 20%, the people who are left are told "work smarter not harder" and left to soldier on, often in a post traumatic state. Of course as will be discovered later, the 'wrong" 20% will have been let go, like Ansett's maintenance planners. This could easily translate into a "missed" AD sometime in the future, but of course all the managers responsible will have gone by then.

The core of the problem is that the Board and Mr. Dixon seem to want to adopt a low cost carrier (LCC) work model, but maintain a high cost carrier senior management structure that protects multiple layers of "executive directors" and "group general managers", all of whom are rather magnificently incentivised by the bonus plans spelled out in the annual report.

If Mr. Dixon and the Board were really serious about costs, they would lead by example.

Those examples would include:

- Moving head office to an old warehouse in Silverwater.

- Bringing in McKinsey's to do a hatchet job on senior management numbers.

- removing and downscaling management perks - starting with the 7 series BMW's (?), free flights and so on.

its called "eating your own dog food" in management speak, but it obviously isn't going to happen is it?

marketing and sales
 

there will be a lot of job cuts in sales and marketing. word has it a redundancy for cabin crew is also on the way. details shortly.:{

What about the "visitors" are any of them going to get the chop. There are a few of them that really need to go.

If a shake up is ever needed its with QF Cabin crew management, Never in QF's history have the front line staff been so "disengaged"

Interesting times ahead!

Job cuts at Qantas due high fuel prices according to the company's affordable futures blurb.

Can't wait to read in a few weeks time about expansion at Jetstar.

I would like to add that in my experience is when redundancies are handed out, the competent people take them because they know that they will have no trouble getting another job and you are left with the less competent people with obvious consequences.

as if
 

anyone cares in qf management. remember they have to make their kpi's otherwise no massive bonuses.:yuk: :yuk: :yuk:

If staff cuts of this magnitude are possible then surely that means that QF management has allowed this bloating to happen. In this case all management bonuses for the last 4-5 years should be refunded to the company!:E
This is all about Dixon cooking the books for his departure!:mad:

I will second that Tankengine. Some will recall that the original CEO of Australian Airlines was rewarded with a one-off $100,000 bonus for the successful establishment of Australian Airlines in its most recent reincarnation. He has now left the scene but I betcha no one has asked for that money to be returned in view of the failure he created.

I would like to see the expense figures for J* and see how much of their running costs are paid by Qantas.In other words if J* was a stand alone carrier what would their real financial position be