Today, May 26th 2019

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Alan Joyce Posts 2.8 Million Loss

« Back to News Articles Alan Joyce Posts 2.8 Million Loss

TWU state and federal officials met with members at Perth Airport recently to talk about ways to stop the endless stream of redundancies and to report on current pay negotiations.

Qantas has just reported a loss of $2.8 billion as a result of restructuring changes and write-downs to its fleet.

This massive loss is in contrast to the near $1 billion profit the airline made just before Alan Joyce took the reins.

Joyce intends to buy his way back with wage freezes (a more than 3% real cut), and job cuts.

The ongoing job cuts at Qantas (2,500 already gone, 2,500 at least to go) are a devastating blow for workers who are paying the price for poor management decisions and a Federal Government that is out to cut jobs and wages.

Sacking 5000 workers is not a viable, long term business plan; it's the easy way out for Qantas. All we are seeing is a plan for cuts, not a plan for growth and the sustainable future of the airline.

Qantas workers are amongst the most productive in the country with each worker generating around $205,000for the airline on top of the cost of our employment.

Half of the Qantas workforce earns on average, less than $50,000 a year, yet in the past five years Qantas has doubled its number of executives and their salaries have risen by 82%.

Qantas' solid reputation has been built off the back of its loyal and hardworking ground staff.

The Abbott Government has said their goal is to change the Qantas Sales Act, and they agree that will result in jobs going offshore.

Whilst other governments invest and support their national airlines, we would stand to lose our national airline and could lose tens of thousands of additional jobs.

Calls for Joyce's head have been constant since his controversial decision to ground Qantas' entire fleet in October 2011 to break the deadlock with unions.

It made Joyce a household name – for all the wrong reasons – as customers were left stranded all over the world. It also drove a wedge between management and staff as he cut staff numbers.

Joyce has to go for the sake of the entire Qantas workforce and its customers.