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Qantas restructures catering unit

Bad Credit Credit Creditres Qantas said that it would retain its catering business and substantially restructure the operation.

The restructure of Qantas Catering is expected to provide improvements in Earnings Before Interest and Tax (EBIT) in excess of $15 million per annum. Mr Dixon also said that Qantas was making solid progress towards its target of $3 billion of benefits through Sustainable Future for the five years to June 2008. "These reforms will lead to an improved cost structure in future years. However, if fuel prices continue at this level, further restructuring will be required, " he said.

Bad Consolidation Credit Debt Qantas Executive General Manager Associated Businesses, Mr Grant Fenn, said the decision followed a review of operations that had included major restructuring opportunities and a potential sale of the business.

"This position has been reinforced by a $ 06 after hedging, a significant amount of which will not be recovered by surcharges." Mr Dixon said Qantas had also decided not to sell its Catering operations, 06 forecast. "The offers we received for our Catering business did not represent good value compared to the benefits we expect to achieve by retaining the business and restructuring it, " he said.

Bad Company Credit Repair He said the prices that were available from the market did not represent good value when compared with Qantas' restructure plans.

06 would be at the lower end of analysts' forecasts. The Chief Executive Officer of Qantas, Mr Geoff Dixon, said the current range of analyst forecasts was between $670 million and $895 million profit before tax and after restructuring costs. Mr Dixon said that, at this stage, after restructuring costs of approximately $153 million, the profit before tax would be around $670 million.

Bad Card Credit Credit "The first stage of the restructure will provide a 45 per cent increase on current Earnings Before Interest and Tax (EBIT) forecasts of $34 million.

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Bad Car Credit Loan "Initially, the restructure will focus on our two Sydney catering facilities - QFCL Sydney, located on our Sydney Jetbase, and Caterair Sydney, located nearby at Mascot.

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Bad Credit Loan Mortgage "The greatest volume of our catering work is carried out at these two centres and each currently services both Qantas and client airlines.

Auto Bad Credit Loan "Over the next nine months, we will reorganise the work by concentrating all client airline catering services in one facility and all the Qantas catering services in the other.

Bad Credit Mortgage Refinance "This will enable us to operate more efficiently by streamlining processes at the dedicated facilities."

Bad Credit Refinance Mr Fenn said some positions would be affected by the change.

Bad Credit Mortgage Second "We will manage the impact on our people as far as possible through redeployment, attrition and by reducing casual hours.

Bad Credit Loan Student As many as 30 redundancies may be required, but we expect these will all be achieved through expressions of interest.

Bad Card Credit "We do not expect these changes to impact on product and service delivery during the transition process."

Bad Credit Financing Mr Fenn said that the restructure of Qantas' five other flight catering centres - in Melbourne, Brisbane, Perth, Adelaide and Cairns - would also commence immediately.

Bad Credit Home Loan Mortgage "This will involve an extensive review of the supply chain - improving product engineering and demand forecasting, reducing inventory lines, leveraging our buying power and improving our use of food production technologies," he said.

Bad Credit Loan People Mr Fenn said the Qantas Group's Brisbane-based Snap Fresh business would not be affected by the changes.

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