Home » Business » Breaking News » Article
Qantas to axe another 1,000 jobs: report
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.
"We have proposed and grown through previous crises in our industry by changing our cost base and this is again necessary," Fairfax quoted Mr Dixon as saying.
The announcement coincides with an annual review this week by the Qantas board of the airline's three-year strategy.
The massive increase in the cost of jet fuel was a key concern in the board's considerations, Mr Dixon said.
© 2006 AAP
This was on "The Sydney Morning Herald" website this morning.
GD is sacking(or disengaging) so many people that he won't have enough people left to adequately run the airline. It's hard to keep your eye on the ball while trying to avoid the axe over your head.
Will the last person left please turn out the lights!!!!!