China Virus: Qantas To Axe 6,000 Jobs Due To Pandemic - Grounding 100 Planes
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June 25, 2020 - by www.bbc.com
- 6,000 jobs to be cut
- 5,000 staff continuing stand-down at least until year's end
- Retiring all six remaining 747s immediately (6 month early)
- Up to 100 aircraft grounded for up to 12 months - Equity raising of up to $1.9 billion
Qantas will axe 6,000 jobs as part of its plans to survive the coronavirus pandemic, the airline says.
The cuts equate to about a fifth of the airline's workforce prior to the Covid-19 crisis. In March, it furloughed more than 80% of its staff.
Australia's national carrier said the collapse in global air travel had devastated revenues.
Last week, the Australian government said its border would most likely remain closed into next year.
It prompted Qantas to cancel all international flights until late October, except for those to New Zealand.
On Thursday, chief executive Alan Joyce said the airline expected...
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