Layoffs At Qantas
Airways While Executives Receive Considerably High Pay Raises
By Mike Mitchell
October 12, 2011 - Executive greed needs to be brought
under control at Qantas so that the company can better
focus and deliver on delivering a quality to airline to
Australia and the world, the Australian and
International Pilots Association.
New revelations published about the astronomic salaries
paid to Qantas executives, including CEO Alan Joyce,
have fuelled further anger from the public today, who
are sick of seeing one of the last true iconic
Australian companies mismanaged.
Qantas Airways Limited is the flag carrier of Australia.
The name was originally "QANTAS", an acronym for
"Queensland and Northern Territory Aerial Services". Nicknamed
"The Flying Kangaroo", the airline is based in Sydney,
with its main hub at Sydney Airport.
Nicknamed "The Flying Kangaroo", the airline is based in Sydney, with its main hub at Sydney Airport.
|Qantas CEO Alan Joyce|
It is Australia's largest airline, the oldest continuously operated airline in the world and the second oldest in the world overall. Qantas headquarters are located in the Qantas Centre in the Mascot suburb of the City of Botany Bay, Sydney, New South Wales.
2011 the company announced that due to financial losses and a
decline in market share, major structural changes would be made.
Up to 1,000 jobs will be lost in Australia and a new Asia-based
premium airline will be set up operating under a different name.
It will also launch a budget airline, called Jetstar Japan, in
partnership with Japan Airlines and Mitsubishi Corporation.
Included in the changes are the cessation of services to London
via Hong Kong and Bangkok, for which Qantas is no longer taking
packets of the Qantas executives and board members are climbing
faster than any 747 they are also rising at a time when the
share price is falling. The only job security they seem to care
about is their own." TWU national secretary Tony Sheldon said.
senior executives getting a pay rise of 62 per cent from $8.9
million last year to $14.4 million this year. Qantas?s annual
report released on Monday shows Qantas CEO Alan Joyce salary
went from $2.9 million to $5 million at a time the company plans
to layoff over 1,000 employees.
?We currently have
a management team whose plan to strip Qantas back and shift resources to
Southeast Asia has seen share prices plummet to an all time low,? he
?CEO Alan Joyce,
despite barely making a correct call since he took the reins, has
decided he?s worth $5 million a year. I?m not quite sure how Mr Joyce
and his management team are managing to pay themselves these huge
amounts when they claim Qantas international is losing money.
?The CEO of Cathay
Pacific takes home a small fraction of what Alan Joyce makes, despite
his airline?s performance. Contrary to Qantas management spin, the same
cannot be said in a comparison between Cathay pilots and Qantas pilots.
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