Will Qantas enter Administration?

[jb747]

Hopefully the new CEO takes an even harder line with Unions.

Really? You must be a nice person.

 

[RichardMEL]

Given Joyce shut down the airline for what was it three days in 2011 in a stand against the unions I'm not sure what harder line one would want.

tbh I agree that new leadership needs to make employees a priority. Happy(or at least happier) employees tend to be more invested in their workplace and by extent will do better at all their jobs - which results in better experiences for customers. The culture and staff morale is clearly very low and whoever takes the reins I reckon should focus on this as a priority. One would expect that many staff would see a chage at the top an opportunity and hopefully management (not just the CEO but the whole SMT) take that on and make it happen.

I'm not saying to cowtow to all demands and give ridiculous concessions or whathaveyou, but I do know a really positive part, in conjunction with other things, will go a long way towards turning things around

imo.

(of course it all depends on if the new leadership preaches from the Joyce bible, or has a new vision and THAT is on the board).

 

[straitman]

Hopefully the new CEO takes an even harder line with Unions.

Which will drive even more passengers away.

 

[Melburnian1]

Given Joyce shut down the airline for what was it three days in 2011 in a stand against the unions I'm not sure what harder line one would want.

tvh I agree that new leadership needs to make employees a priority. Happy(or at least happier) employees tend to be more invested in their workplace and by extent will do better at all their jobs - which results in better experiences for customers. The culture and staff morale is clearly very low...

If as you suggest, your last few words above are true, why hasn't morale improved due to the previous or forthcoming awarding of gratis shares in QF that's a listed, major ASX company?

Shouldn't direct share ownership (rather than through a superannuation fund) result in increased 'loyalty' from staff towards their employing business?

 

[RAM]

If as you suggest, your last few words above are true, why hasn't morale improved due to the previous or forthcoming awarding of gratis shares in QF that's a listed, major ASX company?

Shouldn't direct share ownership (rather than through a superannuation fund) result in increased 'loyalty' from staff towards their employing business?

Not if it is on the basis of not receiving a pay rise from an outstanding pay negotiation from a few years earlier (for example) and in place of a recurring payment (aka payrise) due to your base salary increasing. Perhaps toss in some added 'productivity' improvements required and loss of existing rights.

 

[MEL_Traveller]

If as you suggest, your last few words above are true, why hasn't morale improved due to the previous or forthcoming awarding of gratis shares in QF that's a listed, major ASX company?

Shouldn't direct share ownership (rather than through a superannuation fund) result in increased 'loyalty' from staff towards their employing business?

It’s 1000 shares. Not 100,000.

The CEO earns the equivalent of those 1000 shares before morning smoko, every day

Sure, it’s a lovely bonus, and I suspect everyone will be happy to receive it. But that doesn’t mean it’s gonna fix everything.

 

[RichardMEL]

re the shares. it's nice, but it doesn't make up for ongoing pay increases and potential other workplace conditions improvements in an EBA (as suggested above). It almost seems like a token. Yeah, sure, right now those 1k shares is currently worth circa $6k, but we all know how volatile airline shares are. Remember the days when QF traded around a buck? Not saying it would plummet overnight or anything, but there's that old saying about how to make a small fortune from airlines - by investing a large fortune.

the shares are like a sweetener or a one off bonus payment (but those would also have CGT implications - specially if staff sold them right away) and so on. It's not an ongoing improvement.

and tbh, if you're a long term employee and get the same as a relatively new hire vs a % pay increase (or even a pro rata bonus or share allocation) that probably wouldn't feel so great either.

And let's face it.. not ev eryone is interested in financial investments such as shares but $$$ in the back pocket. 1000 shares doesn't pay the heating bill at winter.

so no, it's like a token and doesn't really do anything for longer term recognition or reward to staff imo.

so in my view, they need to do a much more concrete rather than the equivalent of a bag of lindt balls and a pat on the head rather than a real improvement for majority of staff.