Qantas Airways plans to cut 500 jobs in Australia. Qantas employs over 90 per cent of its 32,500 employees in Australia. The airline also plans to consolidate some engineering, ground and maintenance operations in its Sydney hub.
This announcement comes post a massive fall in the first half profit of the airline. The cuts are designed to protect profitability. The airline will withdraw from some routes and cut costs in its engineering, maintenance, ground handling and catering units.
In the first week of February 2012, there was a news of American Airlines – USA’s third-biggest airline – planning to cut about 13,000 jobs — 15% of its workforce. The company has been planning to cut labor costs of up to 20% under bankruptcy protection, along with some management jobs.
– Research Team