Qantas to lay off 1,000 staff

BTN News
Thursday, 05 December 2013
Australia's Qantas has advised the market it expects to report an underlying loss before tax of A$250m-A$300m for the six months to 31 December 2013, to lay off 1,000 staff and freeze executive pay levels.

Ceo Alan Joyce said November's passenger loads and yields had been lower than the already-negative trends for the year to date.

He announced a range of measures including an accelerated cost reduction program that includes Joyce and the Qantas board taking a pay cut, and that there will be a pay freeze and no 2013/14 bonuses for executives.

Supplier contracts will be reviewed and the network optimised.

"We will do whatever we need to secure the Qantas Group's future," Joyce said.

Qantas to lay off 1,000 staff

BTN News
Thursday, 05 December 2013
Australia's Qantas has advised the market it expects to report an underlying loss before tax of A$250m-A$300m for the six months to 31 December 2013, to lay off 1,000 staff and freeze executive pay levels.

Ceo Alan Joyce said November's passenger loads and yields had been lower than the already-negative trends for the year to date.

He announced a range of measures including an accelerated cost reduction program that includes Joyce and the Qantas board taking a pay cut, and that there will be a pay freeze and no 2013/14 bonuses for executives.

Supplier contracts will be reviewed and the network optimised.

"We will do whatever we need to secure the Qantas Group's future," Joyce said.