Qantas strike brings stocks to 52 week low

More than 1000 Qantas engineers are expected to walk out of work for four hours next week in protest to the Australian airline's refusal of a 5% wage increase. The company had agreed to a 3.7% wage increase and work conditions had been accepted by the employees at the negotiations, but the meeting was interrupted when Qantas found out that the engineers were planning a strike.Qantas' refusal of a