According to reports national carrier will face criticism from union heavyweights at a meeting next to be held next Wednesday prompted by last week's decision by Qantas Airways to slash 1,000 jobs.
The airline saw its share price hit a record low yesterday as it had its credit rating cut to junk last week.
Pushing the nation's auto industry into doubt Holden has announced it will stop making cars in Australia in 2017.
The name Holden was as familiar to Australian as is kangaroos, meat pies and football or so the song went, but no more of these cars will be made here after four years.
The Delhi High Court has been informed by the Income Tax department that Nokia India and Nokia Corporation owe it Rs 21,153 crore as total tax liability (existing and anticipated), which includes penalty during a seven-year period from 2006-2013.
Sysco Corp. Shares leaped up after it agreed to buy US Foods for about $3.5 billion in stock and cash, uniting two of the nation’s largest food distributors. Sysco shares jumped almost 10 percent to hit their highest point in decades. The deal will see Houston-based Sysco, capture about 25 percent of the nation’s food distribution business.
As the parent company Qantas Airways finds ways to save cost, Jetstar will diminish operations from Darwin and move its three aircraft based in the city to Adelaide. The company will employ about 120 staff and base four A320 aircraft in Adelaide from March 30 next year as part of a major overhaul. However, some jobs will be filled by staff transferred from interstate.
Amcor, multinational packaging firm shareholders approved of a demerger which will separate its packaging distribution business to form a new company, Orora, only after the group said the positives outweigh the disadvantages. The demerger comes to effect from December 17, with Orora to start trading as a separate company on the Australian Securities Exchange the following day.
Theo Spierings, Chief Executive said that Fonterra's sales in China are almost back to the levels of pre-botulism scare and in the ingredients business it is even are higher. The company is in a rebuilding phase following recall, review and recovery stages.