Qantas to axe another 1,000 jobs: report
May 18, 2006 - 5:29AM
Qantas is to axe another 1,000 white-collar jobs this year as the company faces a looming $1 billion surge in its annual fuel bill.
Chief executive Geoff Dixon informed staff of the latest job cuts in a message on Wednesday, Fairfax reported. The markets have yet to be given details, Fairfax said.
The cuts should deliver tens of millions of dollars in savings. Mr Dixon told staff the airline had "reluctantly" decided to cut management, support and administration positions by 20 per cent across the group, resulting in a reduction of about 1,000 positions in the first half of the 2006-07 financial year.
More...