QAN 3.61% $8.89 qantas airways limited

News: Qantas to cut 500 jobs as H1 slumps , page-12

  1. 1,911 Posts.
    lightbulb Created with Sketch. 1
    A cut n paste from pprune.org
    A good man that Senator Xenophon, wish there was more like him.
    GLTA@QF!

    Quote:
    Joyce deserves to lose his job: Xenophon
    Quote:
    QANTAS boss Alan Joyce seems hell-bent on turning the flying kangaroo into kangaroo stew, independent Senator Nick Xenophon says.



    Mr Joyce is the only one at the airline who deserves to lose his job because his brinkmanship cost the airline $194 million and damaged its brand, the South Australia senator told reporters in Adelaide today.

    Qantas will slash 500 jobs as part of a major revamp of the struggling airline after a massive fall in first-half profit.

    In Adelaide, about 150 jobs will be lost as Qantas consolidates its catering into four centres in Sydney, Melbourne, Brisbane and Perth.

    Senator Xenophon said grounding the airline to end a bitter dispute with unions last year was "completely avoidable" and Mr Joyce could have gone to Fair Work Australia.

    "It shows extraordinary gall on the part of Alan Joyce that he unilaterally grounds the airline, costs it $194 million ... and he ends up with a $2 million bonus," the senator said in Adelaide.


    He said the Qantas boss seemed hell-bent on outsourcing Qantas, the brand known as Australia's Flying Kangaroo.

    "It seems that Alan Joyce's legacy will be to turn the flying kangaroo into kangaroo stew," Senator Xenophon said.

    "The only person who deserves to lose their job is Alan Joyce who, through his unilateral brinkmanship, has ... damaged the Qantas brand."

    The news comes as statistics showed South Australia's headline unemployment rate has fallen to 5.1 per cent with 400 more South Australians employed in January, compared to December.

    Opposition employment spokesman David Pisoni said the job figures did not take into account the recent job cuts announced by Qantas, the banks and Holden.
    Read more: Joyce deserves to lose his job: Xenophon | News.com.au
 
watchlist Created with Sketch. Add QAN (ASX) to my watchlist
(20min delay)
Last
$8.89
Change
0.310(3.61%)
Mkt cap ! $13.90B
Open High Low Value Volume
$8.65 $8.89 $8.58 $84.60M 9.607M

Buyers (Bids)

No. Vol. Price($)
1 2409 $8.88
 

Sellers (Offers)

Price($) Vol. No.
$8.89 500 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
QAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.