Business
Union suspends Virgin negotiations, seeking assurances on CEO – The Australian Financial Review
The Transport Workers Union has walked away from talks with Virgin, until new owner Bain Capital confirms it isn’t planning to replace chief executive Paul Scur…
A spokesman for Bain Capital, which counts the Future Fund among its investors, declined to comment or express confidence in Mr Scurrah’s role as chief executive. A spokesman for Virgin said the company didn’t comment on speculation.
CAPA executive chairman Peter Harbison questioned the logic of Bain Capital taking Virgin too far away from its public plans, saying that the savings from reconfiguring planes and other tweaks would be limited and the business market would eventually return.
“The …
-
General23 hours agoNewcastle Jets defeat semi-professional Heidelberg United 3-1 to lift first Australia Cup
-
Noosa News9 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General11 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba
-
Noosa News18 hours agoWhat time does the NRL grand final kick off? When is the NRLW grand final?