Qantas To Cutdown 20% Workforce

Qantas To Cutdown 20% Workforce

Qnatas Airways Ltd, one of the most popular Australian airlines is cutting 20% of the workforce in order to raise A$1.9 billion ($1.3 billion). This has been done according to the newest cost-saving plan developed.

Australian airlines that a number of 100 aircraft will not be used anymore along with the retirement of Boeing 747 fleet.

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“We have to position ourselves for several years when revenue will be much lower,” Qantas Chief Executive Alan Joyce said of the three-year plan. “And this means becoming a much smaller airline in the short term.”

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