The national secretary of the Transport Workers Union has slammed Qantas CEO Alan Joyce's 11.9 pay packet.
Qantas chief executive Alan Joyce's $11.9 million pay packet is an affront to staff forced into part-time work who are struggling to support their families, Transport Workers Union national secretary Tony Sheldon says.
Mr Joyce was awarded $6.9 million in shares in 2014/15 as part of long-term incentives, a week after the company reported the largest financial turnaround in Australian corporate history.
Mr Sheldon has slammed Mr Joyce's pay packet, saying Qantas should better conditions for all workers, not just executives.
"Management are paying themselves millions while thousands of employees in the Qantas supply chain are on wage freezes and forced into part-time work, Mr Sheldon said.
"You can't pay full-time bills with part-time pay."
Mr Joyce's tenure has been mired in controversy since he grounded the Qantas fleet in 2011 amid a battle with unions over pay agreements.
He launched a major overhaul of the company in 2014, including plans to axe 5000 staff, as it plunged to a $2.8 billion loss.
Qantas has since cut 4000 of those jobs, and along with a drastic reduction in fuel costs, Mr Joyce's restructure helped deliver a profit of $557 million in the 2014/15 financial year.
The huge long-term bonus is the first granted to Mr Joyce in five years.
Mr Sheldon said there was "no justification for this level of greed".
"This is an industry where 21 per cent of employees are earning below the poverty line."
Qantas chief executive Alan Joyce's $11.9 million pay packet is an affront to staff forced into part-time work who are struggling to support their families, Transport Workers Union national secretary Tony Sheldon says.
Mr Joyce was awarded $6.9 million in shares in 2014/15 as part of long-term incentives, a week after the company reported the largest financial turnaround in Australian corporate history.
Mr Sheldon has slammed Mr Joyce's pay packet, saying Qantas should better conditions for all workers, not just executives.
"Management are paying themselves millions while thousands of employees in the Qantas supply chain are on wage freezes and forced into part-time work, Mr Sheldon said.
"You can't pay full-time bills with part-time pay."
Mr Joyce's tenure has been mired in controversy since he grounded the Qantas fleet in 2011 amid a battle with unions over pay agreements.
He launched a major overhaul of the company in 2014, including plans to axe 5000 staff, as it plunged to a $2.8 billion loss.
Qantas has since cut 4000 of those jobs, and along with a drastic reduction in fuel costs, Mr Joyce's restructure helped deliver a profit of $557 million in the 2014/15 financial year.
The huge long-term bonus is the first granted to Mr Joyce in five years.
Mr Sheldon said there was "no justification for this level of greed".
"This is an industry where 21 per cent of employees are earning below the poverty line."
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