Qantas accepts A$90m court docket penalty, provides A$120m compensation fund

• Qantas issued a press release on the bottom dealing with penalty judgment.

• The airline accepted the Federal Courtroom’s choice on the penalty for unlawfully outsourcing its floor dealing with operate in 2020.

• Qantas pays a A$90 million penalty in accordance with the court docket’s orders.

• Qantas has additionally paid A$120 million right into a compensation fund for all affected former workers.

Whereas the penalty and compensation are sizable, Qantas had been beneath strain to resolve the matter, so markets might view this as eradicating an overhang.

This text was written by Arno V Venter at investinglive.com.