Jobs lost as Qantas earnings nosedive

Original article by Robyn Ironside
The Australian – Page: 13 & 20 : 21-May-21

Qantas CEO Alan Joyce said on 20 May that it had lost $16 billion of revenue since early 2020, and that it was likely to post a full-year loss of over $2 billion. The airline will be making more staff redundant, while imposing a two-year wage freeze on management and staff. Joyce called for Australia’s COVID-19 vaccination to be accelerated so that Australia’s international borders can be opened "sooner than later", but only when it is "safe to do so". Unions were not impressed with the airline’s wage freeze plan, while Transport Workers Union secretary Michael Kaine queried why the federal government still kept giving Qantas financial help when it continues to cut jobs.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, TRANSPORT WORKERS’ UNION

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