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 …
-
Business23 hours agoWhat I’d buy if I had to invest $20,000 in ASX 200 shares before the weekend
-
General21 hours agoFederal government funding extends cohealth GP services until July 2026
-
Noosa News19 hours agoSunshine Coast Airport receives green light for major upgrade opening doors to growth jobs and tourism across the region
-
General5 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls