News
Qantas has posted a full-year net loss of $1.73 billion while Woolworths announced a $2.1 billion profit, reflecting the pain and gain the pandemic is serving up to some of Australia’s biggest corporates.
News
About 2500 Qantas and Jetstar employees will be stood down for two months because of domestic coronavirus border closures.
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Qantas workers who have been stood down during the COVID-19 pandemic are taking their fight for sick leave to the nation’s highest court.
Qantas has suffered a $100 million hit to its first quarter earnings after several states closed their borders in July in response to Victoria’s coronavirus outbreak.
Qantas will sack 4000 workers next month and another 2000 are in the firing line, after taking a $4 billion hit from from pandemic-imposed travel restrictions in what CEO Alan Joyce says has been the airline’s toughest six months in its 100 year history.
Qantas will cut at least 6,000 jobs across all parts of the business including pilots and cabin crew and continue to stand down 15,000 workers as part of its plan to recover from the impact of the COVID pandemic.
