Coronavirus: Qantas to axe 6,000 jobs due to pandemic

Sun Online Desk

25th June, 2020 10:44:24 printer

Coronavirus: Qantas to axe 6,000 jobs due to pandemic

 

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 smaller revenues in the next three years, forcing it to become a smaller operation to survive, BBC reported.

The airline also plans to raise A$1.9bn (£1.05bn; $1.3bn) in equity - its first such move in 10 years - to bring in new funds and help "accelerate" its recovery.


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