Qantas to cut 6,000 jobs, slash costs as part of coronavirus recovery plan
Qantas says it will cut 6,000 jobs and continue to stand down 15,000 employees as part of its recovery plan from the COVID pandemic.
Qantas says it will cut at least 6,000 jobs across all parts of the business and continue to stand down 15,000 employees as part of its plan to recover from the impact of the COVID pandemic.
Australia's flag carrier also said it will ground at least 100 aircraft for up to 12 months and reduce $15 billion in costs over the next three years.
Qantas is currently operating around domestic capacity to 15 per cent of pre-coronavirus levels following an easing in coronavirus-related social and travel restrictions that had resulted in the airline standing down two-thirds of its 30,000-member workforce in March.
The majority of staff stood down are associated with the airline’s international services.
CEO Alan Joyce estimates close to $600 million will be spent on redundancies.
“We have to position ourselves for several years where revenues will be much lower. And that means becoming a smaller airline in the short term,” Mr Joyce said.
“This is something that weighs heavily on all of us. But the collapse of billions of dollars in revenue leaves us little choice if we are to save as many jobs as possible, long term.”
https://www.sbs.com.au/news/qantas-to-cut-6-000-jobs-slash-costs-as-part-of-coronavirus-recovery-plan