News Item - Ansett/Tesna Deal
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News Item - Ansett/Tesna Deal
Reported Friday evening on Fairfax website indicates not a done deal in the eyes of some.
<a href="http://www.theage.com.au/breaking/2002/01/11/FFX6KBIUAWC.html" target="_blank">http://www.theage.com.au/breaking/2002/01/11/FFX6KBIUAWC.html</a>
<a href="http://www.theage.com.au/breaking/2002/01/11/FFX6KBIUAWC.html" target="_blank">http://www.theage.com.au/breaking/2002/01/11/FFX6KBIUAWC.html</a>
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What a surprise! It has been alleged for some time from various sources that two companies are being set up. One to own the assets and the other will employ the workers. If and when it goes under again, who will be liable for the employees entitlements? Maybe the lucky ones are the redundant workers!
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First crack in Aust Ansett-Tesna deal
MELBOURNE, Jan 11 AAP|Published: Friday January 11, 7:08 PM
The first crack in the Ansett sale appeared today when unions warned prospective owner Tesna the deal was off unless $240 million of employee entitlements were secured next week.
Tesna has an in-principle agreement to purchase Ansett's mainline services.
The consortium, headed by Melbourne businessmen Solomon Lew and Lindsay Fox, will take over operations on February 1 after a creditors' meeting on January 29 authorises the sale.
But what was anticipated as being the rubber-stamping of a done deal could backflip if employees, who make up the bulk of the airline's creditors, follow union advice and opt to protect millions of dollars in entitlements.
"Tesna is running out of time," ACTU advocate Richard Watts told AAP today.
"If the matter of entitlements is not resolved next week it is likely the deal will be dropped."
An enterprise agreement signed by Tesna and five key unions last month included a five per cent profit share agreement and a commitment by Tesna to take on and secure entitlements for 4,000 employees.
Mr Watts said a union team had been waiting since Christmas and through the New Year period for documents securing the entitlements either by bank guarantee, insurance bond or signing off of a fixed asset such as a Sydney terminal.
No documents were forthcoming.
"It's really taking it to the brink, but unions are serious," Mr Watts said.
"Ansett's biggest union the ASU (Australian Services Union) has advised its members not to accept job offers until the issue of entitlements is resolved.
"We've been promised documents on a daily basis but they haven't been arriving."
Securing $240 million could take months and any plan would take weeks to analyse to ensure it was safe.
"We're at the 11th hour. Perhaps they (Tesna) are calling a bluff but they're calling the wrong bluff. The unions will not let Ansett Mark II go the same way as Ansett Mark I," he said.
"Employees want to know their entitlements are safe. If Tesna doesn't come through employees won't vote for sale.
"They will vote for liquidation."
Ansett administrators and Tesna were contacted but were not able to comment this afternoon.
By Jane Williams, Industrial Correspondent
MELBOURNE, Jan 11 AAP|Published: Friday January 11, 7:08 PM
The first crack in the Ansett sale appeared today when unions warned prospective owner Tesna the deal was off unless $240 million of employee entitlements were secured next week.
Tesna has an in-principle agreement to purchase Ansett's mainline services.
The consortium, headed by Melbourne businessmen Solomon Lew and Lindsay Fox, will take over operations on February 1 after a creditors' meeting on January 29 authorises the sale.
But what was anticipated as being the rubber-stamping of a done deal could backflip if employees, who make up the bulk of the airline's creditors, follow union advice and opt to protect millions of dollars in entitlements.
"Tesna is running out of time," ACTU advocate Richard Watts told AAP today.
"If the matter of entitlements is not resolved next week it is likely the deal will be dropped."
An enterprise agreement signed by Tesna and five key unions last month included a five per cent profit share agreement and a commitment by Tesna to take on and secure entitlements for 4,000 employees.
Mr Watts said a union team had been waiting since Christmas and through the New Year period for documents securing the entitlements either by bank guarantee, insurance bond or signing off of a fixed asset such as a Sydney terminal.
No documents were forthcoming.
"It's really taking it to the brink, but unions are serious," Mr Watts said.
"Ansett's biggest union the ASU (Australian Services Union) has advised its members not to accept job offers until the issue of entitlements is resolved.
"We've been promised documents on a daily basis but they haven't been arriving."
Securing $240 million could take months and any plan would take weeks to analyse to ensure it was safe.
"We're at the 11th hour. Perhaps they (Tesna) are calling a bluff but they're calling the wrong bluff. The unions will not let Ansett Mark II go the same way as Ansett Mark I," he said.
"Employees want to know their entitlements are safe. If Tesna doesn't come through employees won't vote for sale.
"They will vote for liquidation."
Ansett administrators and Tesna were contacted but were not able to comment this afternoon.
By Jane Williams, Industrial Correspondent
Moderate, Modest & Mild.
Why the surprise and tha apparent sudden urgency?
This has ALL been aired and discussed on this forum for some time now!
Doesn't the ACTU read PPRuNe <img src="eek.gif" border="0"> ...if not, then perhaps someone should send them a link!
[quote]Ansett's biggest union the ASU (Australian Services Union) has advised its members not to accept job offers until the issue of entitlements is resolved<hr></blockquote>
We all know that regardless of any union recommendations - meant to help ALL workers - the PILOTS offered employment will ignore them...."for their families", of course! <img src="rolleyes.gif" border="0">
This has ALL been aired and discussed on this forum for some time now!
Doesn't the ACTU read PPRuNe <img src="eek.gif" border="0"> ...if not, then perhaps someone should send them a link!
[quote]Ansett's biggest union the ASU (Australian Services Union) has advised its members not to accept job offers until the issue of entitlements is resolved<hr></blockquote>
We all know that regardless of any union recommendations - meant to help ALL workers - the PILOTS offered employment will ignore them...."for their families", of course! <img src="rolleyes.gif" border="0">
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There is a list doing the rounds of who got in and who didn't. It makes for very interesting reading! I haven't been able to ascertain why pilots who were subject to three monthly remedial sim checks, including management pilots (and obviously had a flight standards problem)were accepted back yet those that consistently scored fours and fives and were highly respected(the highest marks) were overlooked. There were some FO's with attitude problems that all the captains hated who got back in too.
It just doesn't make sense. It must be the colour of your nose or something. Looking at the list there is a disproportionate amount of yes men on it. Mind you there are also some good people on it to but they appear to be in the minority. And why would some old bloke in his sixties reapply (and was accepted) and put a young bloke out of a job. That's downright unfair.
It just doesn't make sense. It must be the colour of your nose or something. Looking at the list there is a disproportionate amount of yes men on it. Mind you there are also some good people on it to but they appear to be in the minority. And why would some old bloke in his sixties reapply (and was accepted) and put a young bloke out of a job. That's downright unfair.
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Domestic if you had seen the list, you would indeed see that my statement is correct. Tell me, if I have never upset management, consistently have an average score of 4.3 on sim checks and never upset anyone, why didn't I get in when several on the list are known to consistently do three monthly sim checks?
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BTM,
Would like to see the list. Would appreciate it by email if you are happy to do so. It is very hard to form an opinion without all the facts. Some here believe that 38 or so A320 pilots were passed over whereas others indicate that about 7 missed out and the rest opted out.
Considering that there were about 16 A320s before and it is planned to have 30 A320s in the Tesna fleet it is obvious that the need for A320 pilots exceeded the previous number by a fair amount.
That would mean that pilots on other types would be eligible for a position. Possibly quite a few from other types have had previous A320 experience and that may be a factor.
Not all positions available in round 1 may be taken. Good luck with round 2.
Would like to see the list. Would appreciate it by email if you are happy to do so. It is very hard to form an opinion without all the facts. Some here believe that 38 or so A320 pilots were passed over whereas others indicate that about 7 missed out and the rest opted out.
Considering that there were about 16 A320s before and it is planned to have 30 A320s in the Tesna fleet it is obvious that the need for A320 pilots exceeded the previous number by a fair amount.
That would mean that pilots on other types would be eligible for a position. Possibly quite a few from other types have had previous A320 experience and that may be a factor.
Not all positions available in round 1 may be taken. Good luck with round 2.
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btm three things.
Be wary of unofficial lists
Have you recieved the process doc for employment from the apa, e mailed on friday to members.
Given your info i,d be contacting the apa president i,m sure he will assist with info for you.
Be wary of unofficial lists
Have you recieved the process doc for employment from the apa, e mailed on friday to members.
Given your info i,d be contacting the apa president i,m sure he will assist with info for you.
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I know BTM, I've seen the list, and I know what he says to be correct. He deserved a job way above many others.
There are a number of decent people, good pilots who are in, but there are also a good number of below standard management types, recalcitrant FOs, cocksuckers of both ranks, and a grossly disproportionate number of 'yes men'.
As I said elsewhere, it's human nature. Too bad.
There are a number of decent people, good pilots who are in, but there are also a good number of below standard management types, recalcitrant FOs, cocksuckers of both ranks, and a grossly disproportionate number of 'yes men'.
As I said elsewhere, it's human nature. Too bad.
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Well it seems more of a done-deal now... From ABC news:
Ansett employees agree to profit-sharing deal
Ansett employees have entered into a profit-sharing deal with the Fox-Lew syndicate, Tesna.
The airline's new owners reached an agreement with the ACTU to provide the 4,000 employees with a 5 per cent share in profits.
The ACTU's Richard Watts says agreement has not yet been reached on employee entitlements, but he says the meeting yesterday was constructive.
Mr Watts says the profit-sharing deal is a groundbreaking achievement.
"The ACTU is happy to have a process where employees have an equity in the company, a share in the company and they derive from the benefits of their hard work and it's a question of how those arrangements work and whether they work equitably," he said.
"We're more than happy about the arrangements that have been proposed and negotiated with the new owners, as such they establish a new benchmark for employee ownership in Australia."
Ansett employees agree to profit-sharing deal
Ansett employees have entered into a profit-sharing deal with the Fox-Lew syndicate, Tesna.
The airline's new owners reached an agreement with the ACTU to provide the 4,000 employees with a 5 per cent share in profits.
The ACTU's Richard Watts says agreement has not yet been reached on employee entitlements, but he says the meeting yesterday was constructive.
Mr Watts says the profit-sharing deal is a groundbreaking achievement.
"The ACTU is happy to have a process where employees have an equity in the company, a share in the company and they derive from the benefits of their hard work and it's a question of how those arrangements work and whether they work equitably," he said.
"We're more than happy about the arrangements that have been proposed and negotiated with the new owners, as such they establish a new benchmark for employee ownership in Australia."
