Sydney Airport Message Board Sydney Airport Message Board  

Go Back   Sydney Airport Message Board > Aviation Industry News and Discussion > Australia and New Zealand Industry


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 25th June 2020, 09:07 AM
David C David C is offline
Member
 
Join Date: Mar 2008
Location: Tahmoor NSW
Posts: 507
Default Jobs to go at Qantas

Announced in the last few minutes by Ch7( SYD ) is the news that Qantas are to shed 6000 jobs , and mothball up to 100 aircraft . Very concerning for the employees .

Dave C
Reply With Quote
  #2  
Old 25th June 2020, 12:09 PM
MarkR MarkR is offline
Prolific Member
 
Join Date: Dec 2012
Posts: 2,058
Default

The A380s are being written off and planning to spend three years in the desert, have a feeling they are gone.
Reply With Quote
  #3  
Old 25th June 2020, 12:36 PM
Greg Hyde Greg Hyde is offline
Prolific Member
 
Join Date: Sep 2008
Posts: 4,428
Default

Qantas Group to axe 6,000 jobs


Breaking: Qantas Group to axe 6,000 jobs
written by Adam Thorn June 25, 2020

The Qantas Group has announced it will cut 6,000 jobs altogether, or nearly 20 per cent of its workforce, and continue stand-downs for a further 15,000 employees.

In a statement released on Thursday morning to announce its post-pandemic strategy, the business also said it would ground 100 aircraft for up to 12 months, including most of its international fleet.

Chief executive Alan Joyce said, “Adapting to this new reality means some very painful decisions. The job losses we’re announcing today are confronting. So is the fact thousands more of our people on stand-down will face a long interruption to their airline careers until this work returns.”

As part of a raft of proposals, Qantas also said:

A total of 6,000 of 29,000 staff would be made redundant;
Alan Joyce will continue in his role until at least the end of FY23
The Group’s six remaining 747s will be retired immediately, six months ahead of schedule;
It would defer deliveries of A321neo and 787-9;
It planned to generate up to $1.9 billion from equity raising;
Of those job losses, 1,450 will be non-operational and mainly corporate; 1,500 from ground operations; 1,050 in cabin crew (with a further 6,900 on stand down); 630 in engineering; 220 from pilots;

There is “significant uncertainty” as to when flying levels will support the return of the A380.

Of the wider Qantas Group’s 29,000 staff, around 8,000 are expected to return by the end of July this year, increasing to 15,000 by the end of 2020.

The business then hopes to return staffing levels to 21,000 active people by June 2022, though much of that will depend on international border restrictions easing.

In total, around 100 aircraft will be grounded, including most of Qantas’ international fleet. The “majority” are expected to eventually return to the air, but some leased aircraft may be returned. A321neo and 787-9 fleet deliveries, meanwhile, have been deferred to meet the Group’s requirements.

The statement added that there is “significant uncertainty” as to when flying levels will support the return of its 12 A380s, which will remain idle.

“As a result, the carrying value of the A380 fleet, spare engines and spare parts will be written down to their fair value,” Qantas said.

To help recover, the business will raise equity of up to $1.9 billion, something it had previously appeared to rule out. Overall, it predicts savings of $15 billion, as a result of cutting staff, reduced fuel consumption and “productivity improvements”.

Surprisingly, Qantas said it still expects to breakeven or even post a small underlying profit for the current financial year, as a result of a strong first-half performance combined with “swift action” to reduce its cash burn.

Joyce said he regretted the staff losses but the “crisis has left us no choice” and that he’s committed to providing those affected with as much support as he can.

“That includes preserving as many jobs as possible through stand-downs, offering voluntary rather than compulsory redundancies where possible, and providing large severance payouts for long-serving employees in particular,” he said.

“As we’ve done throughout this crisis, our decisions are based on the facts we have now and the road we see in front of us. Our plan gives us flexibility under a range of scenarios, including a faster rebound or a slower recovery.

“Despite the hard choices we’re making today, we’re fundamentally optimistic about the future. Almost two-thirds of our pre-crisis earnings came from the domestic market, which is likely to recover fastest – particularly as state borders prepare to open.

“We have the leading full service and low fares airlines in Australia, where distance makes air travel essential, and diversified earnings through Qantas Loyalty.

“We still have big ambitions for long haul international flights, which will have even more potential on the other side of this.

“As a business, recapitalising means we can get ready sooner for new opportunities, returning to profit and building long term shareholder value. As the national carrier, we remain committed to supporting tourism, connecting regional communities and safely flying millions of people every year.”

https://australianaviation.com.au/20...axe-6000-jobs/
Reply With Quote
  #4  
Old 25th June 2020, 01:25 PM
Sean L Sean L is offline
Member
 
Join Date: Sep 2019
Location: Sydney
Posts: 490
Default

Wait so no more A380s?
__________________
Aviation Photographer based out of Sydney
Camera: Canon EOS 7D
Lens: EF-S 15-85mm F3.5-F5.6 IS USM & EF 70-300mm F4-F5.6 IS USM II
Love a good chat about cameras :)

Sydsquad Moderator
Reply With Quote
  #5  
Old 25th June 2020, 01:34 PM
MarkR MarkR is offline
Prolific Member
 
Join Date: Dec 2012
Posts: 2,058
Default

Quote:
Originally Posted by Sean L View Post
Wait so no more A380s?
Stored for three years, then reassessed, so not definite but given the future is hard to forecast, it’s unlikely to involve A380s coming back into the fleet I suspect. Some of the A330s are heading to the desert one way as well, around six or so approaching their cycles limit.

Last edited by MarkR; 25th June 2020 at 01:45 PM.
Reply With Quote
  #6  
Old 25th June 2020, 08:16 PM
Tom PER Tom PER is offline
Member
 
Join Date: Mar 2008
Posts: 139
Default

Quote:
Originally Posted by MarkR View Post
Stored for three years, then reassessed, so not definite but given the future is hard to forecast, it’s unlikely to involve A380s coming back into the fleet I suspect. Some of the A330s are heading to the desert one way as well, around six or so approaching their cycles limit.
Any idea which A330’s are? Curious as I don’t believe any of the A330/340’s worldwide have ever hit their cycle limit. Do you possibly mean major components such as landing gear/engines?
Reply With Quote
  #7  
Old 25th June 2020, 08:27 PM
MarkR MarkR is offline
Prolific Member
 
Join Date: Dec 2012
Posts: 2,058
Default

Quote:
Originally Posted by Tom Barber View Post
Any idea which A330’s are? Curious as I don’t believe any of the A330/340’s worldwide have ever hit their cycle limit. Do you possibly mean major components such as landing gear/engines?
Early A330s have a 33k limit, so the ex JQ birds would be my guess
Reply With Quote
  #8  
Old 25th June 2020, 08:56 PM
Andrew P's Avatar
Andrew P Andrew P is offline
Member
 
Join Date: Mar 2008
Location: near the old NDB at West Pymble and near RPLR
Posts: 749
Default

There goes my qantas flight to Manila at Christmas, the wife is putting of till Christmas 2021

Sent from my SM-T860 using Tapatalk
__________________
used to fly globally on business, now retired
Reply With Quote
  #9  
Old 25th June 2020, 09:30 PM
Todd Hendry Todd Hendry is offline
Member
 
Join Date: May 2008
Location: Kirrawee
Posts: 311
Default

Quote:
Originally Posted by MarkR View Post
Early A330s have a 33k limit, so the ex JQ birds would be my guess
The early ones were QFs originally.
__________________
“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.”

Henry Ford.
Reply With Quote
  #10  
Old 26th June 2020, 06:04 AM
MarkR MarkR is offline
Prolific Member
 
Join Date: Dec 2012
Posts: 2,058
Default

Quote:
Originally Posted by Todd Hendry View Post
The early ones were QFs originally.
Indeed, but the ones to go will be all ex JQ including EBE and EBF which were delivered to JQ directly.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +10. The time now is 12:08 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright © Sydney Airport Message Board 1997-2022
Use of this web site constitutes acceptance of the Conditions of Use and Privacy Statement