Expect more businesses to follow.
Under the Fair Work Act, any employee (whether full-time, part-time or casual) can be stood down without pay if they can't do useful work because of an "equipment breakdown, industrial action or a stoppage of work for which the employer can't reasonably be held responsible".
https://www.abc.net.au/news/2020-03-19/qantas-has-just-stood…
there won't be (if there's any) business that will hire more a lot of employees in this kind of situation.
coles / woolworths / amazon
while it sounds logical, that ain't happening yet.
you can check job ads, they are barely hiring anyone.
I'm sure the will have to hire some casual sooner or later but won't be able to absorb anyone loose their job because of corona virus
I seen the Woolworths CEO thanking the Federal Government for allowing more 457 visas into the country to help with the extra workload they are currently experiencing
time to go fishing
maybe i have to learn fishing.
thanks op
but tbh this kind of posts are just adding fuel to the fire imo
serves as precaution, start saving for emergency fund instead of spending unnecessary bargains posted here
if you haven't started saving before all this commotion, it might be too late
CEO gets paid $24M a year.
Nice work Joyce. Now taxpayers will need to bail you out. The same taxpayers you are letting go.
while I am all for bashing big corp I'm not sure how you think this is Joyce's fault or even could have been planned for? sure if he was negligent and caused this by all means but I dont think we can call it that
ceos could take a cut and pay the employees from that
say he gave half his wage back. It back 12 million dollars amongst 20000 staff that would not even equate to 1 weeks wages each
@hikaru78: better than nothing, but at it stands every day citizens now have to pay for it.
if i was on 30 mil a year, id happy go down to 29 to pay for my employees in the short term.
He has. Alan Joyce salary has gone down to 0 for the rest of the financial year. Other Senior Management pay has been cut 30%
@MrHyde: Not to mention his salary at Qantas could be permanently zero at this rate. When massive events like this happen CEOs are often the first to take blame and be forced out the door. High risk job equals high reward.
it's capitalism fault
how is communism going for you
More precisely it's inappropriately regulated capitalism.
If Qantas was operating in Germany, for example, half of the management board would represent workers - as is the law there for any business with over 50 million euros in revenue.
This is an example of Marxist principles being applied and as anyone can see it works very well in Germany. Except for the wealthiest members of society.
@Diji1: Lufthansa have cut 95% of capacity.. it wouldn't survive for long without massive cuts to its wage bill
Now taxpayers have to bail out this arline that paid excessive remuneration and will continue to do so.
He should lose any outstanding inventives not yet paid butbof course it will never happen. Only the foot soldiers get screwed over
he announced he was not getting paid for the rest of the financial year last week (or the week before).
Wow isn't he a great bloke
so the guy isn't taking any more pay for the rest of the year. Management has taken a 30% pay cut and all bonuses have been scraped. What else would you have him do?
Business can have only so many contingencies and what we are dealing with could never have been anticipated.
They can't keep paying people indefinitely, they have allowed staff to take 4 weeks leave in advance of earning it.
Apart from your whinge about executive salaries what do you propose is the solution?
Or are you one of those people who can only whine and not actually propose a remedy
Qantas is a business that has taken over 1 billion dollars in profit for a 15 year period while paying NO TAX.
How about we let this corporate welfare case die as it's a massive drain on the country that we frankly don't need. They could have just paid tax but they didn't so piss off.
But what about the 30,000 employees that took a wage over the last 15 years, and all the tax paid on their income. Hardly a drain.
Care to point to the evidence of this? Otherwise it didnt happen.
Technically if they have made profit over a 15 year period as you say then tax is to be paid on the Profit.
Sounds like you may need a course in financial accounting. Companies that lose money can offset profit with loses. Profit one year is offset by loses in another year.
But profit over a period like 15 years will be taxed in the years it exceeds offset loses.
You cant have a 1 Billion$ profit over 15 years and not pay tax. Unless you are confused as to what profit is. BTW Profit in Qanats accounts actually shows profit after tax.
You can avoid tax on profits, just look at atlassian
Well that's 20000 mortgages about to be defaulted on (potentially, but you get the idea)…so it begins.
but at least I have toilet paper
will the bank accept toilet paper for.mortgage payments
Give it a week or so.
If the Government bails them out, they should take a 52% stake.
If the government bails anyone out, they should take a stake.
this.aint.gonna just be qantas
virgin is next
airport workers are next
shops.in airports
taxi who count on airport
car parks in city
restaurants in city
cafe in city
hotels
anything that relied on tourism
Government should have given tax debuctable domestic travel allowances, encourage road trips and short stays
Ansett all over again (Millenialls scatch head??)
But that was just Ansett…not 'everything'. :)
You'd be given the option of taking any accrued flex leave, annual leave and long service leave. When I was there (1989-2007) there were people there with ridiculously huge leave balances.
I agree though, Joyce and the leadership team should take a pay cut. They won't though, none of the top dogs took a pay cut when I was there, they just froze our pay while shedding crocodile tears.
oh well time to find another job, im sure they must get some termination period, as they are essentially made redundant.