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And all the CC managers have been positioned around the world to hold Q & A sessions from tomorrow. Must be more of an announcement than fin results??? My money's on a complete QF/MH tie up, possibly even a merger |
another piece to the puzzle
Qantas adds airline experience to its board
Qantas adds airline experience to its board Qantas has strengthened the airline experience on its board with the appointment of a former boss of the Star Alliance airline grouping and Swiss International. The appointment of William Meaney as a non-executive director today boosts the size of Qantas’s board to 12, which includes Barbara Ward and John Schubert, the former Commonwealth Bank chairman. Insiders have complained that Qantas’s board lacks directors with direct airline experience. Advertisement: Story continues below Mr Meaney’s industry experience includes a stint as managing director and chief operating officer of Swiss International, the inaugural boss of Star Alliance and vice-president of South African Airways. More recently, he has been the chief executive of Hong Kong-based conglomerate the Zuellig Group since 2004, and is also a member of the Asia Business Council. Mr Meaney, who lives in Hong Kong, holds US, Swiss and Irish citizenships. Shares in Qantas were up 3 cents, or 2 per cent, at $1.57 in afternoon trade, ending a four-day losing streak. The appointment of Mr Meaney comes a day before Qantas will unveil its half-year earnings and is expected to announce job cuts, mostly from its maintenance division Read more: Qantas adds airline experience to its board Board of Trustees William L. Meaney ’82 Chief Executive Officer The Zuellig Group William L. Meaney is the chief executive officer of The Zuellig Group. Zuellig is a US $12 billion diversified pan-Asian group based in Hong Kong, whose primary activities include: pharmaceutical distribution; pharmaceutical manufacturing under license; animal feed manufacturing; and agricultural and materials handling equipment. Prior to his appointment at Zuellig, Meaney worked in a number of turnaround situations, including: the chief commercial officer at Swiss International Airlines in Zurich; executive vice president at South African Airways in Johannesburg; and the chief executive officer of South African Vaccine Producers, a parastatal pharmaceutical manufacturer based in Johannesburg. Prior to his taking on leadership roles in international groups, he was a strategic consultant with Strategic Planning Associates (now part of Oliver Wyman) based in London and in Geneva where he worked in a variety of industries. Before beginning his career in business, Meaney served as a CIA operations officer. He also serves on the board of Moksha8, a private pharmaceutical company controlled by TPG. In addition to being a trustee of Rensselaer, he serves as a trustee at Carnegie Mellon University. He has a B.S. degree in Mechanical Engineering from Rensselaer and an MBA from Carnegie Mellon University in Pittsburg, Pennsylvania. Meaney holds U.S., Swiss, and Irish citizneships. |
My money's on a complete QF/MH tie up, possibly even a merger |
Maybe the big announcement is another online course or engagement survey.
OR OR maybe $200 staff travel voucher. OR Maybe our we will be supported through yet another management re-structure. Dont DIS my engagement :bored: |
Certainly looks like Mr Meaney has the experience Qantas is after:
World Business Briefing | Europe: Switzerland: Airline Scales Back By Alison Langley (NYT) Published: May 03, 2003 Acknowledging that its initial strategy of focusing on first-class and business-class travelers failed, Swiss International Air said that it would drop more routes, lay off more workers and set up a new discount short-haul subsidiary. Swiss International, cobbled together late in 2001 by the Swiss business establishment to replace the bankrupt Swissair, is losing 40 million Swiss francs a month and has been told by both its lenders and the Swiss government not to expect any fresh aid. William L. Meaney, the airline's chief financial officer, said that the airline had to direct its efforts ''not to what we think the customer wants, but what the market is telling us the customer is willing to pay for.'' Alison Langley (NYT) |
Good digging, that man.:ok:
The picture continues to get bleaker, innit? |
When trying to work out which area will be cut next, keep in mind that its all about KPI's for the execs and money for the consultants (Bain & Co, BCG and Oldmeadow Consulting)
Looking at this through that lens, heres my take: - FRA, AKL-LAX and probably BKK to go. At least 7 747-400's gone in 2011 - Only 12 A380's now with 13,14 also 'deferred' - Significant engineer and pilot redundancies from long haul. Probably in the vicinity of 300 pers each initially with more to follow. All of this is relatively low level. What really concerns me is the scenario where the company retires an entire fleet in one go. If this was the case then the B747-400 is the most likely candidate. I hope to christ I am wrong........... |
William L. Meaney is the chief executive officer of The Zuellig Group. Zuellig is a US $12 billion diversified pan-Asian group based in Hong Kong, whose primary activities include: pharmaceutical distribution; pharmaceutical manufacturing under license; |
Swiss International Press Release........
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Got a gut feeling even more now that this announcement tomorrow @10am is not going to be good, especially for the 400 and 767.
Why? Just had a look on the bloggs for tonight and noticed that the fleet managers for both fleets have made themselves available to take calls and answer questions post AJ's announcement. Not good me's think. |
I hope to christ I am wrong........... I'll offer a point of positivity, amongst the doom, mainly for myself I think whatever transpires tomorrow, and in the future, I believe other opportunities will open up for the pilots in QF mainline and I don't think anyone will be out of paid employment, whether it be LWOP, J*, contracts or whatever... I hope... |
This could be The Death Sentence for Forstaff Avalon as they have no other customers.
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Just had a look on the bloggs for tonight and noticed that the fleet managers for both fleets have made themselves available to take calls and answer questions post AJ's announcement |
Word here in CX is that all QF managers told to sit by their phones tomorrow and expect a lot of calls about jobs, all 744's grounded immediately ( don't know about 767's )........**** I hope this is not true....good luck to all my friends in QF, we'll all be thinking of you tomorrow morning.
Surely not so quick? What the hell is Joyce up to now? |
Ground staff in Perth told incoming crews that 'councillors' arrived today to speak to crews after tomorrows announcement
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all 744's grounded immediately ( don't know about 767's )........**** I hope this is not true....good luck to all my friends in QF, we'll all be thinking of you tomorrow morning. |
Mean by name ...MEAN by nature
William L. Meaney, the airline's chief financial officer, said that the airline had to direct its efforts ''not to what we think the customer wants, but what the market is telling us the customer is willing to pay for.'' How does one reconcile this sort of hire ???? Stuff the friggin customer.....'just respond to what the market tells us!!!! Isn't this at the core of what has been totally F:mad::mad:D with the QF "strategy" for the last decade. ........:eek: Just 2 of many examples, The customer told us: 1. WE want direct non stop ,high frequency, quality services to the US. Result=non purchase of 777-LR. 2. WE want a quality product on board,with a modern,young fleet. Result=Tired interiors,product,IFE,kit. If this crap wasn't so serious ....it would make a great comedy doco. The litany of failure based on Board /CEO false(market) assumptions is :yuk::yuk: |
Ahhh Alan, don't you think the the airline should be grounded again until the announcement tommorow? These are worrying rumors and surely your crews must be stressed and concerned about them. Can't have them flying when concerned about such things can we......it's all about safety isn't Alan?????? :ugh:
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It's hard to imagine an immediate grounding of all say 767s / -400s immediately as they are still happily selling seats on flights well into the future on those types.
Also, they're spending an absolute bomb of money reconfiguring 9 of the 747's. But that sort of action would be well rewarded as decisive and excellent action in the business community with bonuses all round for a job well done. So I personally wouldn't be suprised. |
Qantas worries rise as profits fall | Herald Sun
Last Updated: February 15, 2012 Some privy information known before a statement to the ASX ?? Qantas' plans to launch a premium airline based in Asia have been scaled back to a "capital light" venture with Malaysia Airlines. Qantas expects Malaysia to supply new Airbus A330 for the routes, which both airlines chiefs have still been discussing in Kuala Lumpur. Qantas routes - including some into Asia - are likely to go as the airline reacts to rising competition. But the biggest cuts - with hundreds of positions on the line - are likely in Victoria, with the airline to announce a review of maintenance operations at Tullamarine and Avalon. |
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Perhaps by the end of the year then. I think the B767 is safe - domestic still making money.
All -400 ports gone.......... |
Look at the times on that article DrDre.
Qantas is under pressure to find savings because its cash flow was insufficient to fund $2.7 billion in spending on new Airbus A380s and the Boeing 787 Dreamliner. It is due to take delivery of 15 new aircraft next year. Sack another 1000, that'll fund a few more 320s for offshore ventures. Maybe 1 day those ventures will return more then $10-15million / year like jetstar asia is. It's starting to rate up there with Geoff Dixon's decision to purchase A380's instead of B777's and paying $200million+ for StarTrack Express only for it to barely break even. |
Feb. 15 (Bloomberg) -- Qantas Airways Ltd. must "adapt or die," Chief Executive Officer Alan Joyce
told Australian lawmakers last week as the nation's biggest carrier confronts rising costs on unprofitable international flights. Adapt to managements fcuked decisions, Why not get the monkey off QF's back. Read more: Qantas Shares Slide as Joyce Says Carrier Must Grow or Die |
The 2nd headline for tomorrow.
Hoo-roo: Qantas wields the axe | Herald Sun THE jobs of 1460 Qantas maintenance workers will be put under review today as the airline announces hundreds of cuts in other areas of its business. In a blow to Victoria's crisis-ridden manufacturing sector, the future of 400 workers at its heavy-maintenance base at Tullamarine and 660 workers at its Avalon operation will be examined, along with another 400 jobs in Brisbane. Qantas also will announce hundreds of staff cuts in other areas including flight and back-office roles as it scraps unprofitable routes. It is believed that at least one, and possibly two, of Qantas's three heavy maintenance bases will be shut. The Tullamarine shop, which handles Qantas's workhorse Boeing 737 fleet, is expected to be under the most threat but Avalon's future is also in jeopardy.Qantas, which announced 1000 job losses last year, says the heavy-maintenance jobs will not be sent offshore, despite union fears work could be shipped to the Philippines, Singapore, China, and Hong Kong. |
At the risk of being intimidated by the feds again for posting here, The Qantas discussion on PPRuNe has been commercial rather than national interest based, so what have the Feds got to do with a company the government is quite happy to wash its hands of in the interest of fiduciary duties? There is nothing government about Qantas apart from the Qantas Sale Act, which they seem happy to ignore as long as the semantics are satisfied. Either the survival of Qantas is in the national interest or it isn't. That's for the government of the day (Lord help us :eek:) to decide. If it is, then presumably they will step in as they see fit, which they haven't, being more than happy to whimper in a corner acquiescing to the fat CEOs as usual (Vote Labor! the working men's party :yuk:). One can assume that given the lack of action from the government, Qantas is not part of the national interest. If it isn't, then we're discussing company politics and the Feds have nothing to do with it unless you're advocating terrorism, kiddie porn or free movie downloads. If they think otherwise; Get a Lawyer, Son, and start feeling really stressed out. :E |
It's CEO logic.
The jobs aren't being offshored. The jobs are gone. BIG difference |
Fingers crossed for you fellas. Its a ****e day when this happens to QF.
Its a lot of stress living with this kind of job uncertainly. Just remember yaselves and your families come first. The Don |
i know whats gone wrong with sin-fra. lufthansa have a full a380 flying tonight. those asians are under cutting the old q in the 747. sin lounge is busy busy.
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Flew it a while ago (last month).
White wine was warm Ife failed 3 times Food was a disgrace Cc were disinterested |
The floggings will continue until morale improves.
The Sunfish strategy: 1. Announce Qantas is "at risk". Drastic action is required to save the Australian icon. 2. Immediate departure of Joyce, the Chairman and a Third of the Board after an admission of failure of strategy. 3. Immediately announce combination of Jetstar and Qantas. Jetstar to move slightly up market, Qantas domestic to move slightly down market. 4. Announce immediate removal of layers of management no longer needed because the group structure is going. There is only ONE Qantas. 5. Terminate Jetstar Asian ventures or rebrand them as Qantas. 6. Complete restructure of the company on the principle of: "If its broke, fix it; if it ain't broke, break it and then fix it". This will involve: comprehensive evaluation of every manager in the company competing for the remaining positions - to be done by some very skilled HR types with the removal of narccisists and psychopaths a priority. I've discovered it IS possible to identify these people, I won't say how I know or how it works. The Jetstar and Qantas work practices to be combined. Cheapest and best wins. 7. The deal for ordinary employees: Jobs will stay in Australia. No overseas crewing. The price? Payrises and work practices. Bring back work onshore. 8. Destruction of the Sydney-centric business model. Direct flights to capital cities an absolute priority. 9. Major revamped marketing approach for Qantas - "Your Qantas - Here to stay". Target each state individually. Parochialism rulez. This total approach is based on the "Lifeboat" and "Freeze - Unfreeze - refreeze" organisation models. Jeff Kennett did this for Eighteen months when elected in Victoria, and got it mostly right. All you need is a CEO and Chairman who can walk the talk and generate the sense of urgency necessary to galvanise the organisation and make change desirable. ....Unfortunately none of this is going to happen. Qantas will continue the death of a thousand cuts - the Sandakan death march. Managers like it this way; it makes them feel important and in control. |
3... Immediately announce combination of Jetstar and Qantas. Qantas free of Jetstar rebuilds with less aircraft types, kicks onestar out of terminals and/or charges commercial price for all services. Only spanner in works is raising $$$ for buy out to satisfy the main Q shareholders, hard to borrow in today's market???? :hmm::hmm::hmm: |
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Annoucement out http://www.asx.com.au/asxpdf/2012021...48gbn48lql.pdf
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Twitter
Tweets <LI class="stream-tab stream-tab-favorites">Favorites <LI class="stream-tab stream-tab-following">Following <LI class="stream-tab stream-tab-followers">Followers <LI class="stream-tab stream-tab-lists dropdown-link">Lists "We have no plans to move operations offshore but we need to consolidate activities in Australia" Joyce says about maintenance 1 minute ago With 747 retirements, Joyce says, "there is simply not enough heavy maintenance work to justify three facilities in MEL, BNE and AVV" 2 minutes ago Qantas will downgrade some days of its 747 between SYD and PER to A330 - no surprise. Route was always about a/c utilisation and getting PR. 3 minutes ago Qantas to respond to Virgin Australia's A330s between MEL and PER with its own additional A330 services. 4 minutes ago No big announcement today about Qantas' planned premium carrier. 5 minutes ago Only two additional 747s will be retired in near future - not all (!) that some naysayers predicted. 8 minutes ago Qantas to upgrade LAX-JFK from A330 to 747. Route very good for cargo. Aussies 5th largest source of tourists for NYC. 9 minutes ago Sydney-Bangkok to be downgraded from 747 to A330 from 10 June. 9 minutes ago Qantas to end Singapore-Mumbai and Auckland-Los Angeles from 6 May 2012. (Good news for Air NZ.) 10 minutes ago Half-year underlying profit for Qantas is AUD202 million. 11 minutes ago |
Smurf live on ABC24 preaching pony poo - to steal another forum members words.
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sems that joining the LAME's on the firing line today are international CC.
Just saw a copy of a list of CC Mgrs positoned upline ahead of the announcement.......... Believe their union is getting a briefing now of how the numbers will be managed.
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Wrong. They are currently training more cabin crew due to a shortage on the A380.
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FRA stays. So far, nothing mind blowing.
Word is no change to 767 flying and no demotions (yet). Not sure if that is 767 specific or fleet wide. |
So, QF changed LAX-JFK from a continuous SYD-JFK 744 service to the A330.
Now they're changing it back.... Dilbert would be proud :hmm: |
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