QANTAS - Australia II
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what if...
So... what if Qantas colapses... how long do you think it would be before Australia got another full service airline. Would Virgin go more into full service or there happy staying lcc? What are the chances of the Gvt rejecting the take over as well? It sounds like its all fun and games! (i am saying this sarcastically...)
Last edited by PER210; 15th Dec 2006 at 06:54. Reason: people took me seriously.. oops
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"It sounds like its all fun and games!"
I suppose it would if you had little in the way of mental capacity and lived at home where mummy and daddy pay for everything.
For those hardworking Qantas employees who have families to feed and mortgages it most definitely is NOT fun and games..............
THINK.
I suppose it would if you had little in the way of mental capacity and lived at home where mummy and daddy pay for everything.
For those hardworking Qantas employees who have families to feed and mortgages it most definitely is NOT fun and games..............
THINK.
If Qantas collapses? 
I would hardly think the new owners would allow their new purchase to COLLAPSE!! May I suggest you pause for a moment and think about your question.
We are not concerned about a possible demise of Qantas - far from it! Our concern is what the new owners will want to do to our employment terms and conditions. We are already in the firing line with the Government's new work place legislation. This takeover just makes our fight even more important. We are fighting for not just our conditions, but the conditions for future crew which may just be YOU!
I would hardly think the new owners would allow their new purchase to COLLAPSE!! May I suggest you pause for a moment and think about your question.We are not concerned about a possible demise of Qantas - far from it! Our concern is what the new owners will want to do to our employment terms and conditions. We are already in the firing line with the Government's new work place legislation. This takeover just makes our fight even more important. We are fighting for not just our conditions, but the conditions for future crew which may just be YOU!
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Terribly sorry if i upset you speedbird... didnt mean to. Should have thought, and re worded before posting... And yes, very correct, as if they would let there new purchase go down the drain. However it is still possible for it to collapse. Its possible for any business colapse, whether its got new owners or not. What does this take over mean for the employees? (condition wise...) News is on now, im sure i'll find something out on there... not as in depth as on here though 
.
Thank you for being patient with me...
.Thank you for being patient with me...
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Superanuation
SUper is governed by the trust deed. It is fully funded and held in trust. Qantas or the new owners cannot access the funds.
What is vitatally important thought is that our trustees continue to stand up for employees and the four employees trustees are well places to protect us .they include Ian Woods the President of AIPA and MIchael Mijatov the Secretary of the FAAA. Having these guys in our corner is a big plus and makes me more confident.
what can happen however is that the new owners could close down the current scheme though and put us all into new schemes. Our current entitlements would be protected i would think even in that circumstance.
We live in challenging times indeed
What is vitatally important thought is that our trustees continue to stand up for employees and the four employees trustees are well places to protect us .they include Ian Woods the President of AIPA and MIchael Mijatov the Secretary of the FAAA. Having these guys in our corner is a big plus and makes me more confident.
what can happen however is that the new owners could close down the current scheme though and put us all into new schemes. Our current entitlements would be protected i would think even in that circumstance.
We live in challenging times indeed
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PER210,
no problem. Sorry I was probably a bit sensitive.
Your post reminded me of the insensitive nature that the lizard who runs our company exhibits whenever Qantas staff are mentioned.
I understand that no offence was intended on YOUR behalf.
Thanks.
no problem. Sorry I was probably a bit sensitive.
Your post reminded me of the insensitive nature that the lizard who runs our company exhibits whenever Qantas staff are mentioned.
I understand that no offence was intended on YOUR behalf.
Thanks.
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Disengaged Indifference
I am tired of the bully boys.
I am tired of worrying about the turds that run the company.
I am tired of being concerned about the Company`s viability.
I am over worrying about my wages,my job,my conditions.
I have no control over any of this crap.
I still enjoy what I do....... just not who I work for.
I will stay `til the end and extract every last cent from this job and travel for my family.
There was life before QF ......there will be(a different) life after.
If nothing else I am resourceful and a survivor.
The thugs can do what they like...they do not...can not...intimidate me.
PharQue them all!!!!
I am tired of worrying about the turds that run the company.
I am tired of being concerned about the Company`s viability.
I am over worrying about my wages,my job,my conditions.
I have no control over any of this crap.
I still enjoy what I do....... just not who I work for.
I will stay `til the end and extract every last cent from this job and travel for my family.
There was life before QF ......there will be(a different) life after.
If nothing else I am resourceful and a survivor.
The thugs can do what they like...they do not...can not...intimidate me.
PharQue them all!!!!
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I'm no economics student but If the takeover gets the go ahead from the gov or costello I have a couple of questions.
Why does the new owners want to delist from the stock exchange?
Does everyone HAVE to sell their shares?
Someone onanother thread reckons that the group want to buy all the shares and that is why they don't want to have QF on the exchange but it sounds as if there are other reasons.What if it is to stop someone else making a hostile takeover of the new owners? What if it is so they don't have to explain anything to the ASX? Can they seperate the different parts of QF and then ree list so that the combined share price or inherent value of the group is bigger than the price they paid for the company in the first place?
I realise that the faaa knows everything and that they have thought of everything that we have all thought of or come up with but if the faaa rep here has gotten over his ego problem I have a suggestion.
What if we don't have to sell our shares? Can we get together with the pilots and other qf employee groups and with union funds buy as many qf shares before the takeover is complete and combine them with the ones we already have.
I reckon that as a group such as cabin crew or whatever under the new IR laws we have little to fight with BUT as a shareholding GROUP we might have a bit more punch in our negotiations.
The pilots have thought of this as a pilot goup but what about a Qantas employee group.I reckon between us there must be a fair number of shares and if we spend as much money as we as individuals can afford plus what the unions could buy we might be able to buy a slice of the pie.
But this is only if shareholders don't have to seel their shares.
ps twiggs NFI
Why does the new owners want to delist from the stock exchange?
Does everyone HAVE to sell their shares?
Someone onanother thread reckons that the group want to buy all the shares and that is why they don't want to have QF on the exchange but it sounds as if there are other reasons.What if it is to stop someone else making a hostile takeover of the new owners? What if it is so they don't have to explain anything to the ASX? Can they seperate the different parts of QF and then ree list so that the combined share price or inherent value of the group is bigger than the price they paid for the company in the first place?
I realise that the faaa knows everything and that they have thought of everything that we have all thought of or come up with but if the faaa rep here has gotten over his ego problem I have a suggestion.
What if we don't have to sell our shares? Can we get together with the pilots and other qf employee groups and with union funds buy as many qf shares before the takeover is complete and combine them with the ones we already have.
I reckon that as a group such as cabin crew or whatever under the new IR laws we have little to fight with BUT as a shareholding GROUP we might have a bit more punch in our negotiations.
The pilots have thought of this as a pilot goup but what about a Qantas employee group.I reckon between us there must be a fair number of shares and if we spend as much money as we as individuals can afford plus what the unions could buy we might be able to buy a slice of the pie.
But this is only if shareholders don't have to seel their shares.
ps twiggs NFI
Last edited by roamingwolf; 15th Dec 2006 at 20:20.
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in a buyout, my understanding is that when 90% of the shares are aquired then the remaining shares are compulsorily sold. You dont have a choice "not" to sell them.
The law is complex on acquistions and mergers but the small shareholding of the staff and non institutional shareholders by comparison to the massive shareholdings of the institutional investors make the deal a forgone conclusion one would think.
In terms of the staff banding together to stop the buyout would not be remotely possible as we would need to raise nearly 2 billion dollars of share script to do that.
As the Actu and the fAAA have indicated, the best hope is that the government and regulators step in. This is clearly a good deal for shareholders but not a good one potentially for Qantas or its staff in the longer term.
once qantas is owned as a private company it is far less open to scrutiny like a publicly listed company. The best source of information on the take over are Robert Gottleibsens writings in the papers and also the finincial review.
For its part i am sure the ACTU and Qantas Unions will have a view on this stuff and provide updated informations to their members as they did on thursday and friday. On the FAAA website and via email you can find some preliminary comment from the Qantas unions and the ACTU
The law is complex on acquistions and mergers but the small shareholding of the staff and non institutional shareholders by comparison to the massive shareholdings of the institutional investors make the deal a forgone conclusion one would think.
In terms of the staff banding together to stop the buyout would not be remotely possible as we would need to raise nearly 2 billion dollars of share script to do that.
As the Actu and the fAAA have indicated, the best hope is that the government and regulators step in. This is clearly a good deal for shareholders but not a good one potentially for Qantas or its staff in the longer term.
once qantas is owned as a private company it is far less open to scrutiny like a publicly listed company. The best source of information on the take over are Robert Gottleibsens writings in the papers and also the finincial review.
For its part i am sure the ACTU and Qantas Unions will have a view on this stuff and provide updated informations to their members as they did on thursday and friday. On the FAAA website and via email you can find some preliminary comment from the Qantas unions and the ACTU
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roamingwolf's questions and comments
Firstly, roamingwolf, even though your comments in relation to "the faaa knows everything and has thought of everything" is sarcastic, nevertheless it's true.
Some of you on here have to realise that the qualified staff and the experienced officials of the FAAA are likely to have discussed all scenarios and asked the relevant questions in relation to the matters you raise on here. It would be a real worry if those employed in the FAAA knew less that the members of the FAAA.
Now to your questions:-
1) Once the Macquarie bank consortium reaches 90% acquisitions of Qantas shares , the LAW requires that the remaining shares MUST be sold by those who hold them to the Consortium.
2) What is to stop someone else making a bid of the new owners?- well once they totally own all the qantas shares...qantas will no longer be a listed company on the stock exchange and therefore no one can "take over" the new Qantas because there are no shares to take over. It will be a private Company not listed on the ASX( Aust stock exchange).
3) The only entity or entities that could be then taken over, are the various companies that make up the consortium that own QANTAS, for example Maquarie Bank OR the Texas Company that might happen to be listed public Companies.
4) The new owners could seperate different parts of Qantas and sell them off. Absolutely, this is the case and this is being speculated eg, Qantas catering Qantas holidays etc.
5) Institutional investors ie big companies and fund managers hold 80% of the Qantas stock...so you can see that the takeover is a mere formality... total staff held shares are only about 0.3% of the total in other words 1/300 of total shares.
6) Union super funds are regulated by law like all other super funds...they cannot act in a POLITICAL MANNER TO BUY OR SELL SHARES. If they did, their management would be in prison.
I hope the above substantially answers your questions roamingwolf, and don't feel disappointed that others in the FAAA know more than you or others on this forum.... for pete's sake that is why they are employed and elected!!
Merry xmas roamingwolf
Some of you on here have to realise that the qualified staff and the experienced officials of the FAAA are likely to have discussed all scenarios and asked the relevant questions in relation to the matters you raise on here. It would be a real worry if those employed in the FAAA knew less that the members of the FAAA.
Now to your questions:-
1) Once the Macquarie bank consortium reaches 90% acquisitions of Qantas shares , the LAW requires that the remaining shares MUST be sold by those who hold them to the Consortium.
2) What is to stop someone else making a bid of the new owners?- well once they totally own all the qantas shares...qantas will no longer be a listed company on the stock exchange and therefore no one can "take over" the new Qantas because there are no shares to take over. It will be a private Company not listed on the ASX( Aust stock exchange).
3) The only entity or entities that could be then taken over, are the various companies that make up the consortium that own QANTAS, for example Maquarie Bank OR the Texas Company that might happen to be listed public Companies.
4) The new owners could seperate different parts of Qantas and sell them off. Absolutely, this is the case and this is being speculated eg, Qantas catering Qantas holidays etc.
5) Institutional investors ie big companies and fund managers hold 80% of the Qantas stock...so you can see that the takeover is a mere formality... total staff held shares are only about 0.3% of the total in other words 1/300 of total shares.
6) Union super funds are regulated by law like all other super funds...they cannot act in a POLITICAL MANNER TO BUY OR SELL SHARES. If they did, their management would be in prison.
I hope the above substantially answers your questions roamingwolf, and don't feel disappointed that others in the FAAA know more than you or others on this forum.... for pete's sake that is why they are employed and elected!!
Merry xmas roamingwolf
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costello
can stop the deal how unlikely it may seem. but the big concern is not just the accc but also the US banks which control the 10 bilion plus in debt. a more scary scenario
Ansett 2 in the making
Ansett 2 in the making
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My understanding of your first question is that a PRIVATE company ( what we will be from March ) will be run a lot tighter, and not have the AGM's ( saving millions of bucks alone) to worry about as the majority stakeholders /shareholders will be predominately be made up of the Board. It will effectively reduce the layers of management. So that if they want action-they'll get it immediately rather than going thru the layers/silo's that exits at the moment. My prediction is that it will be steady as she goes from now 'till March then if will be FULL STEAM, as the Equity Group will want to see at least a $1billion return for this finacial year......at least. If not , the Sustainable Futures campaign will look like a Wiggles concert in comparison to the next edict.
Q #2.
Anyone with shares will get a cheque in the mail come March for the number of the shares they have x $5.60. My advice is-DO NOT do your own tax return at the end of this financial year as there will need to be some nifty accounting to minimise the tax on the shares , particularly if you have a few!!!
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Not over yet.
The floating of Qantas on to the public stock exchange achieved two things for the Labor govt at the time.
1 It raised plenty of money for the govt to service its debt(govt selling the family silver).
2 It was shouted from the rooftops by the govt that the sale would allow the public( your average aussie and mum and dad investor) to own a piece of an aussie icon.
It was always firmly held that there was nothing to fear as it was a publicly listed company it would be structured to ensure that no more than 49% could be foreig owned. The rest was to remain Australian.The inference by our leaders that it would always remain the case as it is essential to the national interest and transport strucure of Australia, nationally and internationally.
When it sinks in to Joe Public that their Qantas is not theirs anymore but now owned by a company that is answerable to no one Australian provides it breaks no laws then i think there will be a significant shift in public opinion.
At the moment joe public is concentrating on Christmas and the New year not someone buying an airline.
Once people start contacting politicians and voicing their concern that Qantas is to remain public NOT private property Costello and Howard may listen.They do have an election soon.
Rudd has highlighted the tremendous pressure 10 Billion debt creates for a business that is constantly fighting to remain competitive and profitable.
No Government wants to be known as the one who let Qantas _ Australias greatest icon next to the Harbour Bridge, Uluru and the Opera House, become foreign property. Worse if thorugh some world calamity that it is somehow lost altogether.
Dont be stupid some of you say to yourselves, well who thought when it was publicly floated that it would allow it to become owned by a private business entity. Who ever thought Ansett would collapse?
Time for all of us to stop typing on here for a while and contact all friends, associates and families and get them to call their local federal politician.
Lets get started and stop a privatisation occuring of what should remain the property of the ones whou have bought, paid for and supported it, the Australian public! It should never be allowed!
Time to show the spirit that has made this airline famous. Let us not sit back and watch its demise like happenned to Ansett.We can all do something about it.
Merry Christmas
The floating of Qantas on to the public stock exchange achieved two things for the Labor govt at the time.
1 It raised plenty of money for the govt to service its debt(govt selling the family silver).
2 It was shouted from the rooftops by the govt that the sale would allow the public( your average aussie and mum and dad investor) to own a piece of an aussie icon.
It was always firmly held that there was nothing to fear as it was a publicly listed company it would be structured to ensure that no more than 49% could be foreig owned. The rest was to remain Australian.The inference by our leaders that it would always remain the case as it is essential to the national interest and transport strucure of Australia, nationally and internationally.
When it sinks in to Joe Public that their Qantas is not theirs anymore but now owned by a company that is answerable to no one Australian provides it breaks no laws then i think there will be a significant shift in public opinion.
At the moment joe public is concentrating on Christmas and the New year not someone buying an airline.
Once people start contacting politicians and voicing their concern that Qantas is to remain public NOT private property Costello and Howard may listen.They do have an election soon.
Rudd has highlighted the tremendous pressure 10 Billion debt creates for a business that is constantly fighting to remain competitive and profitable.
No Government wants to be known as the one who let Qantas _ Australias greatest icon next to the Harbour Bridge, Uluru and the Opera House, become foreign property. Worse if thorugh some world calamity that it is somehow lost altogether.
Dont be stupid some of you say to yourselves, well who thought when it was publicly floated that it would allow it to become owned by a private business entity. Who ever thought Ansett would collapse?
Time for all of us to stop typing on here for a while and contact all friends, associates and families and get them to call their local federal politician.
Lets get started and stop a privatisation occuring of what should remain the property of the ones whou have bought, paid for and supported it, the Australian public! It should never be allowed!
Time to show the spirit that has made this airline famous. Let us not sit back and watch its demise like happenned to Ansett.We can all do something about it.
Merry Christmas
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...........Jingle bell , jingle bell, jingle bell-ROCK
'hate to ruin your Chrissie cheer Hawkeye.
But, you need to get real.
We are playing with the BIG BOYS now.
Joe Public couldn't give a rats rissole, this is just a speedbump on the way to Christmas and Australia winning the Ashes.
By the time the election comes in 2007, everyone would of forgotten.
iCON.......bygone.
This is a "brave new world", we are dealing with people where the mantra is:
WIN AT ALL COSTS, PROFIT BEFORE PEOPLE, BONUS' RULES
But, you need to get real.
We are playing with the BIG BOYS now.
Joe Public couldn't give a rats rissole, this is just a speedbump on the way to Christmas and Australia winning the Ashes.
By the time the election comes in 2007, everyone would of forgotten.
iCON.......bygone.
This is a "brave new world", we are dealing with people where the mantra is:
WIN AT ALL COSTS, PROFIT BEFORE PEOPLE, BONUS' RULES
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Stubby,
the big boys do win alot of the time, not ALL of the time.
You wont stand a chance with an attitude like that.
You may say you are being real. I call it defeatist.
It wasnt a defeatist attitude which won our forefathers two world wars. It wasnt a defeatist attitude which was used to found and create Qantas.
You mentioned the ashes, cast your mind back a week ago where the aussies snatched victory from what appeared certain defeat.
Everyone should think back to earlier this year when the Snowy River Scheme was going to be sold. I ask you Stubby, what happenned?
Joe public when realising what was going to happen raised a huge outcry that caused a reversal by both the state and the PM.
No it wont be easy.
Lets follow the ACTUs directive which has been republished on here and contact our pollies. Lets show a bit of aussie spirit and have a go.
I hope your not typical of anyone else on here Stubby. Lets rant and rave and bitch in anger and resentment all year long about how we are poorly managed and continually criticise (at times vehemently) management, the FAAA and anyone who has an alternative opinion; But when asked to fight and have a go when facing adversity and a very dark hour, the first post I read is its all too hard, its the Big boys were up against.
I dont want to read a criticism of the FAAA or our representatives until everyone on here leads by example and pics up a phone or a pen and writes.For all the advice thats given on here its time we started doing something other than offer criticism on what wasnt done after the fact.We all have an opportunity now. A small window of two months.They need our help. and we need to help ourselves.
Complaining on here achieves nothing. Mass complaints to politicians and the like starts to ring bells.Remember the snowy river scheme.
the big boys do win alot of the time, not ALL of the time.
You wont stand a chance with an attitude like that.
You may say you are being real. I call it defeatist.
It wasnt a defeatist attitude which won our forefathers two world wars. It wasnt a defeatist attitude which was used to found and create Qantas.
You mentioned the ashes, cast your mind back a week ago where the aussies snatched victory from what appeared certain defeat.
Everyone should think back to earlier this year when the Snowy River Scheme was going to be sold. I ask you Stubby, what happenned?
Joe public when realising what was going to happen raised a huge outcry that caused a reversal by both the state and the PM.
No it wont be easy.
Lets follow the ACTUs directive which has been republished on here and contact our pollies. Lets show a bit of aussie spirit and have a go.
I hope your not typical of anyone else on here Stubby. Lets rant and rave and bitch in anger and resentment all year long about how we are poorly managed and continually criticise (at times vehemently) management, the FAAA and anyone who has an alternative opinion; But when asked to fight and have a go when facing adversity and a very dark hour, the first post I read is its all too hard, its the Big boys were up against.
I dont want to read a criticism of the FAAA or our representatives until everyone on here leads by example and pics up a phone or a pen and writes.For all the advice thats given on here its time we started doing something other than offer criticism on what wasnt done after the fact.We all have an opportunity now. A small window of two months.They need our help. and we need to help ourselves.
Complaining on here achieves nothing. Mass complaints to politicians and the like starts to ring bells.Remember the snowy river scheme.
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We essentially have two problems here.
The first is with the takeover and it's possible ramifications.
The second is with the leadership of the union that represents us.
I agree with Hawkeye that it is time to call in and see your local Federal politician not just call them on the phone.We have an ace up our sleeve and that is the Federal election next year .Politicians usually have only one thing on their minds and that is being re elected and when the election is this close they will be very receptive to ideas on how to get more votes.We can have an impact but we have to do something.
The second problem we have is with our union leadership.Just read the response from Guardian to roamingwolf.If MM and SR actually think they know everything and have thought of everything then they will go the way of the dinosaur and worse still take us with them.The part that I cannot fathom is that not only are they that stupid to actually think that but they are even more brainless and worse, arrogant and egotistical to print it.With their newsletters you would think they represent the company and not us.
The best response they can come up with is to tell us that they have been in talks with the Mac bank for the last 3 months( if you believe that you also believe in the tooth fairy) and a thinly veiled threat for all crew to join the union as well as telling us the blatantly obvious that Howard must go.Yes , that was the measured response from the guys who told us when they were first elected t with much table thumping that would not stand for any rubbish from the company.Now all they can do is tell us and everyone else that we are too expensive and that they are all knowing as if they are some sort of Deity.With them representing us we have a lot of work to do.
The first is with the takeover and it's possible ramifications.
The second is with the leadership of the union that represents us.
I agree with Hawkeye that it is time to call in and see your local Federal politician not just call them on the phone.We have an ace up our sleeve and that is the Federal election next year .Politicians usually have only one thing on their minds and that is being re elected and when the election is this close they will be very receptive to ideas on how to get more votes.We can have an impact but we have to do something.
The second problem we have is with our union leadership.Just read the response from Guardian to roamingwolf.If MM and SR actually think they know everything and have thought of everything then they will go the way of the dinosaur and worse still take us with them.The part that I cannot fathom is that not only are they that stupid to actually think that but they are even more brainless and worse, arrogant and egotistical to print it.With their newsletters you would think they represent the company and not us.
The best response they can come up with is to tell us that they have been in talks with the Mac bank for the last 3 months( if you believe that you also believe in the tooth fairy) and a thinly veiled threat for all crew to join the union as well as telling us the blatantly obvious that Howard must go.Yes , that was the measured response from the guys who told us when they were first elected t with much table thumping that would not stand for any rubbish from the company.Now all they can do is tell us and everyone else that we are too expensive and that they are all knowing as if they are some sort of Deity.With them representing us we have a lot of work to do.
Last edited by lowerlobe; 16th Dec 2006 at 20:42.
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Lowerlobe, you are clearly a complete moron. I have never heard any of our FAAA officials say that they know everything. I have read every newsletter and attended every meeting since i became a flight attendant and it has never been said by the current leadership or any of their predeccesors.
I have seen a few anonymous posts in here that some thing or "know" are FAAA officials.
YOu complete dolt Lowelobe, when was the last time you ever offered anything other than critisism. You have never stood for office, you have never got up at a meeting and offered any viable alternates.
Even here, all you do is whinge and critisize. You are one of about 8 people who post in here regularly like myself. We express opinions and discuss things. You almost single handedly link every bad thing that happens to crew to the FAAA.
From my perspective unions have had their wings clipped severely. Given that Long Haul crew still have the best conditions of any crew in the Qantas group and arguably the world, i fail to see how the current FAAA leadership have failed us.
They inherited the worst EBA in the history of the FAAA from the previous leadership and methodically during negotiations and using the media and pressure of threatened industrial action reversed every appalling aspect of that EBA.
At the same time when they came to office they had 500K in the bank, an office manager who worked from home, a receptionsist who no one could understand and a membership officer who hated the members. An office that was run down and costing 120Kpa to rent in the city where members had no access.
Lets look at what was achieved in 2 years since they came to office.
1. Complete reversal of all the failures of EBA 6.
2. An ongoing dialogue with Qantas that has resulted in a few flexibilities that have actually helped to make the Long Haul Division a little more viable.
3. These flexibilities have given the Long Haul FAAA leadership a little credibility with the COmpany in that it "may" lead to another EBA8 rather than the appalling alternatives.
4. The reductions of cost in the FAAA and officials to the tune of taking it from over 36 officials down to 13 keys flight attendant elected officials
5. The Purchase of premises for members that are close to the base for easy accesss and meetings. ( and an asset rather than dead rent)
6. The employment of an accountant to run the FAAA offices and membership system.
7.Two qualified industrial lawyers on the full time staff.
The net result of this is a lean, competent and efficient FAAA that produces timely and concise communication to its members that outshines any union in the country. A union that works hard for its members and provides a boutique level of service and accessibility. A Union that now has 1 Million is cash and a 1.5 million premises paid off. All this in two years.
My question albeity rhetorical is to the former officials.
1. Why did you sell us out in EBA 6 and
2. What did you do with all the money?
I have seen a few anonymous posts in here that some thing or "know" are FAAA officials.
YOu complete dolt Lowelobe, when was the last time you ever offered anything other than critisism. You have never stood for office, you have never got up at a meeting and offered any viable alternates.
Even here, all you do is whinge and critisize. You are one of about 8 people who post in here regularly like myself. We express opinions and discuss things. You almost single handedly link every bad thing that happens to crew to the FAAA.
From my perspective unions have had their wings clipped severely. Given that Long Haul crew still have the best conditions of any crew in the Qantas group and arguably the world, i fail to see how the current FAAA leadership have failed us.
They inherited the worst EBA in the history of the FAAA from the previous leadership and methodically during negotiations and using the media and pressure of threatened industrial action reversed every appalling aspect of that EBA.
At the same time when they came to office they had 500K in the bank, an office manager who worked from home, a receptionsist who no one could understand and a membership officer who hated the members. An office that was run down and costing 120Kpa to rent in the city where members had no access.
Lets look at what was achieved in 2 years since they came to office.
1. Complete reversal of all the failures of EBA 6.
2. An ongoing dialogue with Qantas that has resulted in a few flexibilities that have actually helped to make the Long Haul Division a little more viable.
3. These flexibilities have given the Long Haul FAAA leadership a little credibility with the COmpany in that it "may" lead to another EBA8 rather than the appalling alternatives.
4. The reductions of cost in the FAAA and officials to the tune of taking it from over 36 officials down to 13 keys flight attendant elected officials
5. The Purchase of premises for members that are close to the base for easy accesss and meetings. ( and an asset rather than dead rent)
6. The employment of an accountant to run the FAAA offices and membership system.
7.Two qualified industrial lawyers on the full time staff.
The net result of this is a lean, competent and efficient FAAA that produces timely and concise communication to its members that outshines any union in the country. A union that works hard for its members and provides a boutique level of service and accessibility. A Union that now has 1 Million is cash and a 1.5 million premises paid off. All this in two years.
My question albeity rhetorical is to the former officials.
1. Why did you sell us out in EBA 6 and
2. What did you do with all the money?