Airline executives pass on paychecks As Qantas and Jetstar stand down some 20,000 employees from late March until at least the end of May, senior management executives and the board are forgoing their salaries until at least the end of this financial year. Chairman Richard Goyder and CEO Alan Joyce had already announced they would be taking no pay for the foreseeable future as the airlines are in crisis. Joyce said that despite the federal government’s $715 million stimulus aimed at airlines,
irlines, more aircraft and more people could be stood down, the ABC reports.
The group has suspended all international flights after the government told all Australians to avoid international travel. Many domestic flights are affected too.
Joyce told the ABC that with aircraft grounded, pilots, cabin crew, baggage handlers and workers within Qantas’s lounges would be the staff worst hit.
However, he said that Woolworths CEO Brad Banducci had offered to employ some of them since the retailer was short of staff to stock supermarket shelves that are constantly being stripped in panic buying.
Casual workers at risk of destitution
The loss of casual work due to the coronavirus pandemic on people with very low incomes is expected to dramatically increase rent stress and put these workers at greater risk of homelessness, according to analysis from the Property Observer website.
The greatest at-risk group is those aged between 19 and 30 years, living independently with disposable incomes of $600 a week from casual work or a combination of casual work and benefits, the website says.
These workers typically work in cafes, restaurants, catering, events, fast food and retail – the jobs most immediately impacted by an economic slowdown. It is estimated that one in four Australian workers is casual, although not all are on low incomes.
The federal government has suggested casual workers have savings to tide them over. However analysis of Australian Bureau of Statistics data suggests 38.9 per cent of those earning $600 or less per week have less than $600 in savings to get them through. Over a quarter of this group are already in debt, Property Observer says.
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