enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

Read more

AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

Read more

DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

Read more

Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

Read more

New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

Read more

Dutch add more short-sea capacity to London
LONDON: April 18, 2018. Dutch-based A2B-online Con...

Read more

Saudia Cargo gets new CEO
JEDDAH, Kingdom of Saudi Arabia: April 17, 2018. F...

Read more

Turkish Cargo to introduce new routes
ISTANBUL: April 17, 2018. Turkish Cargo is to begi...

Read more

West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...
Dutch add more short-sea capacity to London
Saudia Cargo gets new CEO
Turkish Cargo to introduce new routes

Latest News

Airbus Mobile AL
20 Apr, 2018

Port of Mobile signs for new US$60 million RoRo auto terminal

in ports
MOBILE, AL: April 18, 2018. The Port of Mobile is to open a new vehicle processing RoRo…
Arthur Welter
20 Apr, 2018

Luxembourg adopts cross-border electronic consignment document

in Road
LUXEMBOURG, GD: April 20, 2018. Luxembourg and the Netherlands have followed Spain and…
CEVA Logistics
20 Apr, 2018

CEVA Logistics announces IPO and planned stake by CMA CGM

in Latest News
MARSEILLE: April 20, 2018. CMA CGM is planning to buy CEVA Logistics securities at a cost…
Lekki port CMA CGM
17 Apr, 2018

Nigeria’s first deep-sea port to open in 2020

in ports
LEKKI PORT, Nigeria: April 16, 2018. CMA CGM and Lekki Port LFTZ Enterprise have signed…
Rift Valley Railways
17 Apr, 2018

World Bank sanctions African Railways Logistics

in Rail
WASHINGTON, April 16, 2018. The World Bank Group has barred Africa Railways Logistics…
HyperloopTT Tube2
16 Apr, 2018

Hyperloop technology takes another high-speed step

in Latest News
TOULOUSE: April 16, 2018. HyperloopTT has taken delivery of full-scale passenger and…
ZIPLINE drone
13 Apr, 2018

First drone delivery network for medicines set to expand

in Humanitarian
ATLANTA: April 13, 2018. The UPS Foundation has awarded grants and in-kind support of…
Charleston harbor
13 Apr, 2018

BMW helps Port of Charleston achieve March record

in Ocean
CHARLESTON, SC: April 11, 2018. The South Carolina Ports Authority (SCPA) reports an…
IRI World Congress
12 Apr, 2018

European road transport operators want technology to replace paper

in Road
AMSTERDAM: April 12, 2018. A survey of European road haulage operators by the world…

PRESS RELEASE

July 02, 215: Qantas Airways Limited today announced a one-off bonus payment will be made to all employees covered by an 18-month wage freeze policy as part of their collective agreement.

The bonus payment will be made to up to 28,000 Qantas Group employees, costing an estimated $90 million on full implementation. It is anticipated that the non-recurring cost of up to $90 million will be recognised in the Group's 2016 financial year, outside of underlying earnings.

All Qantas, Jetstar, and other Group employees covered by finalised Agreements that include the wage freeze will receive a one-off payment worth five per cent of their base annual salary. The payment to eligible employees will be made shortly after release of the Group's full year results on 20 August 2015.

Bonus payments for employee groups not currently covered by the wage freeze policy will be made once Agreements including the wage freeze are finalised. This bonus does not extend to employees who are part of management bonus schemes, which will be determined separately.

Qantas Group CEO Alan Joyce said the bonus was recognition of the contribution made by all employees to strengthening the Group's long-term competitive position through the wage freeze and the delivery of all Qantas Transformation targets on or ahead of schedule.

"The rapid turnaround of the Qantas Group has only been made possible through the dedication and hard work of all our people," said Mr Joyce.

"Our ability to make these bonus payments reflects a bright future for the Qantas Group, provided we stay focussed on fully delivering the transformation program that has brought us this far."

Qantas expects to have realised at least $875 million of the targeted $2 billion of benefits in the Qantas Transformation program as of the end of financial year 2015.

Corporate News

digital-magtwitter-fw1utube-fw2loinked-fw3

- powered by Quickchilli.com -