Palmer dumps Qantas over worker jabs edit

BILLIONAIRE businessman Clive Palmer has sold all his Qantas shares in protest against the airline’s vaccination policy.

The former federal MP tweeted to his 81,000 followers on Wednesday that his Palmer Group of companies had sold its “entire stake of Qantas shares, as a result of the airline’s stance on mandatory Covid vaccinations for all staff”.

Mr Palmer (pictured) said the decision to sell was “financial” because he believed the share price would eventually be adversely affected by the airline’s policy.

“I believe that (Qantas CEO) Alan Joyce and his board have taken risks which could result in possible future legal ramifications,’’ he said.

“I believe the financial risks Qantas is taking over mandatory vaccinations of its staff leaves them exposed to future financial damages by staff who suffer side effects or worse.”

Mr Palmer did not disclose his stake in Qantas.