July 3 (Reuters) - Qantas Airways Ltd QAN.AX :
* Bonus payment to Qantas Group employees QAN.AX
* Announced a one-off bonus payment will be made to all employees covered by an 18-month wage freeze policy as part of their collective agreement.
* Bonus payment will be made to up to 28,000 Qantas Group employees, costing $90 million on full implementation
* Qantas, Jetstar, and other group employees covered by finalised agreements that include wage freeze will receive a one-off payment worth five per cent of base annual salary
* Bonus payments for employee groups not currently covered by wage freeze policy will be made once agreements including wage freeze are finalised
* Payment to eligible employees will be made shortly after release of the group's full year results on 20 August 2015.
* Bonus does not extend to employees who are part of management bonus schemes, which will be determined separately
* Anticipated that the non-recurring cost of up to $90 million will be recognised in the group's 2016 financial year
* Expects to have realised at least $875 million of the targeted $2 billion of benefits in Qantas transformation program as of end of FY 2015
* Source text for Eikon ID:nASX32SZZH
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