Qantas’ decision on Saturday to shut down its global operations due to industrial action is a huge move with potentially significant repercussions for QVM traders.
General Merchandise Traders rely on tourists for 70% of their business and the impact of our major airline shutting down is obvious. Qantas is objecting to the stop start rolling strikes over recent months which they say are severely damaging their performance and reputation. At least tourists have been able to travel during the rolling action but now Qantas customers will have to find alternative travel or stay at home.
In a very complex issue we are only interested in one thing – how soon can a resolution be reached?
UPDATE: 0900 31/10/11 - At a hearing over the weekend, Fair Work Australia has banned industrial action by the unions and the company and given them 21 days to complete negotiations. Qantas hope to be back in the air by Monday evening.
UPDATE: 0900 31/10/11 - At a hearing over the weekend, Fair Work Australia has banned industrial action by the unions and the company and given them 21 days to complete negotiations. Qantas hope to be back in the air by Monday evening.
