Qantas to shed hundreds of staff


Canberra, May 20 (IANS): Australian flag carrier, Qantas announced on Thursday that it will cut the airline's workforce by several hundred due to the heavy impact of the Covid-19 pandemic on its business.

In announcing the proposed staff cutbacks, Qantas boss Alan Joyce said the airline was expecting to have lost about A$16 billion ($12 billion) by the middle of this year, reports Xinhua news agency.

Joyce said the subsequent cost-cutting measures would include a two-year wage freeze and a voluntary redundancy program for cabin crew on international flights.

Qantas expected several hundred crew members to take the redundancies, which would come on top of 8,500 job losses since the start of the pandemic.

Meanwhile, about 6,000 Qantas workers remain stood down, which means they have stopped working and are not being paid but remain as employees.

Of approximately 22,000 roles across the group, some 16,000 are currently stood up, including all domestic crew, all corporate employees and some international crew.

"We have to stay focused on managing our costs, especially given the competitive environment, but ultimately, this is part of being able to one day grow again," Joyce said.

Amid the gloomy forecast, he saw some bright signs for the airline, saying "we're slowly starting to turn the corner" and noted that domestic travel was recovering well.

"Qantas and Jetstar are on track to reach a combined 95 percent of pre-Covid domestic capacity for the quarter ending in June, and well over 100 percent next financial year," he said.

"We've adjusted our expectations for when international borders will start opening based on the government's new timeline, but our fundamental assumption remains the same - that once the national vaccine rollout is effectively complete, Australia can and should open up."

 

  

Top Stories


Leave a Comment

Title: Qantas to shed hundreds of staff



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.