Marriage talk with Qantas resurfaces, but airlines shrug it offI keep thinking that everyone should know this by now. But lots of people never learn. So I'll say this one more time. Listen up carefully, folks.
June 30, 2005
Tor Ching Li
NATIONAL carriers Singapore Airlines (SIA) and Qantas Airways may be competing nose to nose in the air, but their governments seem grounded on the idea of a possible merger.
Echoing remarks Australian Prime Minister John Howard and Trade Minister Mark Vaile made last week, Transport Minister Yeo Cheow Tong told reporters yesterday that SIA should be open to the prospect of a merger with its rival.
"As commercial companies in a very competitive sector, I think it is useful to keep all options open, which includes joining in a consolidation process," said Mr Yeo on the sidelines of the launch of the Centre for Maritime Studies at the National University of Singapore.
Last Wednesday, Mr Howard had said the Australian government was looking into "the question of whether SIA and Qantas were to remain as separate companies for an indefinite period of time".
Citing the trend of a "worldwide consolidation process", Mr Yeo said both SIA and Qantas "should also be thinking of what they need to do to remain as one of the key players in the global aviation sector".
Mergers & acquisitions - what do they mean for the Little Guy? Mostly it means that he's about to lose his job. And it doesn't matter that the Little Guy had the job for the past 20 years, or that he'd always been the most hardworking chap around.
When mergers & acquisitions happen, the Higher Powers don't think of people. They think of org charts. The old chart is thrown out, a new chart is drawn, and if the Little Guy's job doesn't fit on it, then he's out, goodbye, who cares if he has 20 years left on his HDB mortgage and three kids to feed.
If you're a Little Guy in SIA or Quantas, maybe it's time to wake up and start following the news a little more closely. Maybe it's a little premature to get worried now. But once you smell something more serious, you'd better sit up, pay attention, think hard, think ahead and make your plans.
Sometimes it's better to try to ship out early to a new place while you can. You get more lead time. Rather than wait to be retrenched and then find yourself competing for scarce new jobs. Against 350 of your ex-colleagues who all just got retrenched at the same time.
Then some PAP Minister will come along and say, "Oh, the jobs are gone, they aren't ever coming back, it's called structural unemployment, life sucks, but we ain't no crappy welfare system, so don't be fussy, anyway the engineers in India are 17 times cheaper than you, so you'd better start retraining as a road sweeper, but in the meantime if your HDB flat gets acquired by the government, please don't live in the void deck because that would be so unsightly and we might have to fine you."
And then there will be this really, really foul taste in your mouth.
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