QANTAS will slash at least 2000 jobs, dump some international routes and sell off planes as it races to secure its future through a government debt guarantee. The national carrier is stripping $2 billion from its budget in the next three years as it comes under extreme pressure from rivals, including Virgin. It has previously announced it would shed 1000 jobs from its 35,000 workforce in the next year, but that figure is now set to more than double as the airline scrambles to prove to the Government it can tighten its belt. For full Herald Sun Business report on 22-2-2014, please read in HERE.
Qantas has issue a statement stating that the above report as “unsubstantiated and unsourced rumours” about the number of job losses, in HERE.
On 5-12-2013, Qantas has issued a statement that it will make cost savings of AUD$2 billion over three years, including the loss of 1,000 employees, a CEO and board pay cut, a pay freeze, restriction of bonuses and the optimization of the fleet. For full report, please read in HERE.
