Market Chatter: Qantas Airways Chairman Says New Enterprise Agreements Fail to Include Productivity

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Market Chatter: Qantas Airways Chairman Says New Enterprise Agreements Fail to Include Productivity

MT Newswires Live04-02

Qantas Airways (ASX:QAN) Chairman John Mullen expressed concern that new enterprise agreements do not incorporate productivity benefits amid a new deal with Qantas short-haul pilots and pay increases for cabin crew, The Australian reported Wednesday.

Speaking at the Australian Council of Superannuation Investors conference, Mullen also said that geopolitics are a concerning issue as global supply chains are at risk, per the report.

According to Mullen, pay increases in the new enterprise agreement are a "real noose around our necks" as awards are made without any attempt to boost productivity, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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