Qantas shake-up: 5,000 full-time-equivalent jobs go as airline announces $235 million half-year loss

February 27, 201411:01 am307 views
Qantas shake-up: 5,000 full-time-equivalent jobs go as airline announces $235 million half-year loss
Qantas shake-up: 5,000 full-time-equivalent jobs go as airline announces $235 million half-year loss

VIDEO: Alan Joyce delivers the news (ABC News)

Qantas chief executive Alan Joyce has defended the airline’s decision to axe the equivalent of 5,000 full-time jobs.

The struggling airline this morning reported a half-year loss of $252 million, before tax, in line with the earnings guidance it gave in December.

“This performance by our airlines is unacceptable, and the current position is unsustainable,” Mr Joyce said.

The airline also outlined $2 billion worth of savings including cutting capital expenditure by $1 billion and significant changes to fleet plans and networks.

The job cuts equate to 15 per cent of the Qantas workforce. Unions say Qantas staff are bearing the brunt of poor management.

 

source: abc.net.au

http://www.hrinasia.com/hr-news/experts-weigh-in-on-when-and-how-to-raise-cpf-rates/

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