Qantas to Axe 6,000 Jobs, Raise $1.9b Equity
Qantas Airways Limited entered a trading halt on the ASX this morning as CEO Alan Joyce announced a three-year COVID-19 recovery plan that’s harsh but necessary. The cost-cutting and job losses are far greater than those announced in the last major shake-up back in February 2014, when 5,000 jobs were cut. Today, Qantas announced 6,000 permanent … Continued