The 90 senior managers who were terminated at Qantas today can blame two things for their demise.
One is the speed with which passengers numbers are shrinking for airlines world wide as the GFC tightens its grip on disposable and corporate incomes.
The other cause is the change in culture the new Qantas CEO Alan Joyce is [...]
Tag Archives: economic crisis
Qantas manager cull is just a hint of what is to come
March 25, 2009 – 3:33 pm
Singapore to cut capacity and lop pay from the top down
February 16, 2009 – 6:09 pm
Singapore Airlines says it will cut capacity by 11% in its next financial year starting 1 April. It is talking to its unions about sacrifices, and says any pay cuts will start at the top.
This could cause consternation at Qantas. Can anyone recall any senior management in a major Australian company talk about cutting the [...]
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