Qantas Airways' long-haul pilots described the unprecedented 71 percent package increase for Qantas CEO today as “rubbing salt in the wound.”
The Australian and International Pilots Association, which represents Qantas staff says Alan Joyce’s record pay rise is a disturbingly typical display of hypocrisy.
Mr Joyce has increased his annual take home pay to $5 million, with other key executives have increased their multimillion dollar packages by similar ratios.
“The 71 percent increase comes despite the Qantas share price dipping 16 per cent in the last financial year,” AIPA said.
It also comes at a time when Qantas has announced it will be sacking 1000 Australian workers and shifting local operations to Asia to avoid employing Australians.
AIPA Vice President Captain Richard Woodward said the mammoth pay rise for the CEO, in spite of the current climate, was indicative of Mr Joyce's approach to managing the iconic Australian airline.
"I doubt it will surprise many Australians to see Mr Joyce managing Qantas with a focus on his paypacket and the paypackets of his senior management team," Captain Woodward said.
"What may surprise, however, is the sheer extent of this CEO's hypocrisy.
"To hand yourself a 71 per cent payrise, while simultaneously sacking a thousand Aussie workers, smacks of breathtaking arrogance.
"To bump your pay up to $5 million as a reward for shifting a cherished Australian company to Southeast Asia gives a good indication of exactly where this particular chief executive’s priorities lie.
“Qantas is one of the great Australian companies, which, unfortunately, has been the victim of woeful mismanagement in recent times.
“To see this eye-watering amount of money bestowed upon one of the chief architects of the deconstruction of Qantas – well, it just rubs salt into the wound, frankly.”
The new pay bump makes Mr Joyce one of the highest paid airline chiefs in the world.