Airline workers face losing up to A$200,000 in wages, report
Jetstar workers face losing close to A$200,000 in lifetime wages and superannuation as a result of an 18-month wage freeze Qantas imposed between 2014 and 2016. An analysis of the cumulative impact of wage freezes from September 2014 until March 2016 has found the workers, who went on strike in December, stand to lose up to $150,000 in lifetime wages and $40,000 in superannuation. The analysis said workers continue to experience losses long after the wage freeze has been lifted and “even a temporary wage freeze imposes a growing lifetime economic burden on affected workers”. Report author, economist Jim Stanford, said the cumulative loss of income resulting from the wage freeze expands each year, despite the restoration of normal annual pay increases. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-24/unaligned/airline-workers-face-losing-up-to-a-200-000-in-wages-report
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Airline workers face losing up to A$200,000 in wages, report
Jetstar workers face losing close to A$200,000 in lifetime wages and superannuation as a result of an 18-month wage freeze Qantas imposed between 2014 and 2016. An analysis of the cumulative impact of wage freezes from September 2014 until March 2016 has found the workers, who went on strike in December, stand to lose up to $150,000 in lifetime wages and $40,000 in superannuation. The analysis said workers continue to experience losses long after the wage freeze has been lifted and “even a temporary wage freeze imposes a growing lifetime economic burden on affected workers”. Report author, economist Jim Stanford, said the cumulative loss of income resulting from the wage freeze expands each year, despite the restoration of normal annual pay increases. <br/>
