Union scores another legal win over Qantas

Original article by Robyn Ironside
The Australian – Page: 15 : 22-Sep-21

The Federal Court has rejected Qantas’s push to delay a preliminary remedy hearing with regard to the reinstatement of ground-handling staff whose jobs had been outsourced. The preliminary hearing had been scheduled for 1 October, but Qantas argued that it should be postponed until the carrier’s appeal against the Federal Court’s recent ruling in the case is heard in 2022. The court had found that Qantas’s decision to outsource 2,000 jobs was at least partly aimed at avoiding industrial action; the airline had contended that the move was solely aimed at achieving cost savings of $100m.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, FEDERAL COURT OF AUSTRALIA

WIN News axes local bulletins, sacks staff

Original article by Sophie Elsworth
The Australian – Page: 3 : 25-May-21

Regional broadcaster WIN Corporation will replace local news bulletins with state-wide bulletins in Victoria and Queensland when its new affiliation agreement with Nine Entertainment begins on 1 July. WIN CEO Andrew Lancaster says the move will result in job losses, although the company aims to redeploy as many affected employees as possible. Nine will close its own regional newsrooms when its five-year affiliation deal with Southern Cross Austereo ends.

CORPORATES
WIN CORPORATION PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SOUTHERN CROSS AUSTEREO PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Printing body blasts Ovato over restructure, redundancies

Original article by David Ross
The Australian – Page: 13 & 19 : 12-Jan-21

Listed printing and marketing services firm Ovato has attracted further scrutiny over its restructuring plan. Taxpayers will bear most of the cost of 330 redundancies at Ovato, via the federal government’s Fair Entitlements Guarantee scheme; this follows the company’s decision to transfer these workers to corporate entitles that have insufficient funds to pay creditors. Members of the print industry have described Ovato’s restructuring plan as an ‘asset strip’, while Print & Visual Communication Association president Walter Kuhn says the government should have stepped in and insisted that Ovato must pay all redundancy costs.

CORPORATES
OVATO LIMITED – ASX OVT, PRINT AND VISUL COMMUNICATIONS ASSOCIATION

New Hope cuts jobs, dividend after loss

Original article by Perry Williams
The Australian – Page: 16 : 23-Sep-20

Coal producer New Hope Corporation has posted a net loss of $156.7m for the year to 31 July, following a $210.4m profit for the previous financial year. The latest result was marred by writedowns totalling $346m, including a $110.7m impairment charge against its New Acland thermal coal mine. New Hope has also retrenched 175 workers at the New Acland mine, whose proposed expansion is subject to a legal challenge from environmentalists. A total of 23 jobs have also been cut at its head office and Brisbane coal terminal, while shareholders will not receive a final dividend.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC

Lack of flexible work is keeping Australian women at home

Original article by
SBS News – Page: Online : 18-Sep-20

Industries that are disproportionately staffed by women have been the hardest hit by the coronavirus-driven recession, including retail and hospitality. Women have also have had to deal with most of the burden of remote learning and caring for family. Women who were made redundant are finding that a lack of flexible employment is forcing them to choose between returning to work and caring for their family. Adam Gregory, LinkedIn’s senior director for Australia and New Zealand, says the longer that women have to make this "impossible choice", the harder they will have to work in order to get back into the workforce.

CORPORATES
LINKEDIN CORPORATION

Don’t vote down Bain out of spite: unionist

Original article by Robyn Ironside
The Australian – Page: 15 : 10-Aug-20

Virgin Australia CEO Paul Scurrah said recently that it would retrench a third of its workforce to help it return to profit and to survive the COVID-19 pandemic. Australian Licensed Aircraft Engineers Association secretary Steve Purvinas says he is concerned to hear talk that some of those who will lose their job have indicated they plan to vote against the airline’s deal with Bain Capital. He contends a ‘no’ vote would amount to spite, while Purvinas says backing an alternative proposal to Bain’s that has been put forward by bondholders would not help employees.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIAN LICENSED AIRCRAFT ENGINEERS’ ASSOCIATION, BAIN CAPITAL LLC

330,000 jobs at risk in retail, building

Original article by Adam Creighton, Richard Ferguson
The Australian – Page: 5 : 10-Aug-20

McKinsey has warned that a second wave of coronavirus-induced job losses could affect between 270,000 and 640,000 Australian workers by March. The consulting firm expects sectors such as retailing and construction to be hardest hit as government support measures are scaled back. McKinsey forecasts that an additional 215,000 jobs could be lost in the retail sector by March, on top of the 42,000 that were shed in the June quarter; the construction sector in turn faces the loss of up to 205,000 jobs by March, having shed 46,000 jobs in the three months to June.

CORPORATES
McKINSEY AND COMPANY

Hard landing for Qantas workers

Original article by Robyn Ironside, Damon Kitney
The Australian – Page: 13 & 16 : 26-Jun-20

Qantas CEO Alan Joyce will remain at the helm for another three years to oversee the national carrier’s coronavirus recovery plan. This will include reducing costs by $15bn over three years and shedding 6,000 employees across its operations. The job cuts will include more than 1,000 cabin crew, some 1,500 ground crew and 630 engineers. The redundancies will cost about $600m in total, while the 15,000 employees who were stood down earlier in 2020 will not return to work in the near-term. ACTU president Michele O’Neil has criticised the job cuts, accusing Qantas of abandoning its workers at "their time of greatest need". Meanwhile, Qantas will increase its liquidity via a $1.9bn capital raising.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, ACTU

ABC axes flagship roles for digital

Original article by Steve Jackson
The Australian – Page: 7 : 25-Jun-20

About 70 jobs in the ABC’s news division will be cut under the five-year plan, as the public broadcaster shifts its focus to digital on on-demand content. This will result in a significant reduction in original reporting produced by its current affairs programs. The ABC’s news analysis and investigations teams will also be scaled back, while the position of chief economics correspondent is expected to be axed. ABC News director Gaven Morris has confirmed that fewer new episodes of ‘Australian Story’ and ‘Foreign Correspondent’ will be produced due to the budget cuts.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

Tough love necessary, says News

Original article by Max Mason
The Australian Financial Review – Page: 22 : 18-Jun-20

News Corporation’s CEO Robert Thomson says the media group’s decision to axe the print editions of 112 regional and community newspapers was not taken lightly. The bulk of the titles will become digital-only publications, but 36 will be discontinued completely. Thomson says this was necessary to ensure the viability of the titles that will become digital-only. The number of News Corp journalists working on regional and community mastheads will be reduced from more than 1,200 to just 375.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD