LayoffBlog.com

April 14, 2009

Qantas Forecasts Record Second-Half Loss, Plans 1,750 Job Cuts

Qantas Airways Ltd., Australia’s largest carrier, forecast a record second-half loss and will cut 1,750 jobs as demand for business and first-class travel plunges on the global recession.

The job cuts, equivalent to about 5 percent of the workforce, are the deepest since Chief Executive Officer Alan Joyce took over five months ago. Qantas became the latest carrier to defer delivery of the Airbus SAS A380, the world’s largest commercial plane, amid the recession and a drop in premium travel since the collapse of Lehman Brothers Holdings Inc. last year.

Source: Bloomberg

March 25, 2009

Australia’s Qantas to cut 90 senior jobs

Qantas Airways Ltd, Australia’s top airline, moved to rein in costs with another round of job cuts, this time targeting its senior management team, to help it ride out the global financial crisis.

Qantas will shed 90 top management positions adding to 1,500 job cuts announced last year, it said on Wednesday.

The airline said in a statement it would a maintain a salary freeze and make a number of role changes for remaining managers.

Source: Reuters

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