The management blood bath at Qantas today could be a long overdue change to its corporate culture, or a big mistake.
Whichever it proves to be, it’s happening quickly under new CEO Alan Joyce.
The executive cadre that his predecessor Geoff Dixon set up is in tatters, what is left of it. Joyce is saying things no [...]
Tag Archives: job losses
Qantas blood letting to continue until things improve
April 14, 2009 – 4:06 pm
Qantas defers 16 jets and fires another 500 top managers
April 14, 2009 – 10:01 am
Qantas this morning cut its estimated profit before tax for the full year to June 30 from previous guidance of $500 million to between $100-200 million.
At the lower limit, this approaches the Virgin Blue guidance for its profits from domestic and regional international flights for the same year before taking on board heavy costs [...]
Qantas manager cull is just a hint of what is to come
March 25, 2009 – 3:33 pm
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 [...]
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