Arab Today, arab today qantas slashes 500 jobs as part of restructuring
Last Updated : GMT 15:11:05
Arab Today, arab today
Arab Today, arab today

Qantas slashes 500 jobs as part of restructuring

Arab Today, arab today

Arab Today, arab today Qantas slashes 500 jobs as part of restructuring

Sydney - AFP

Embattled Australian flag carrier Qantas said on Monday it will axe 500 jobs in its heavy maintenance and engineering operations as part of a restructuring to help slash costs. The move follows an 83 percent slump in first-half net profit in the six months to December and an announcement it would delay the delivery of two A380 superjumbos by three years as part of spending cuts. In the reorganisation, Qantas will cease heavy maintenance at Tullamarine airport in Melbourne by August, with work being consolidated in Avalon, another facility near the Victorian state capital, and the eastern city of Brisbane. Of the 500 jobs cut, which were signalled in the profit announcement in February, 422 will be lost at Tullamarine, while 113 will go at Avalon. A total of 35 new positions will also be created. Chief executive Alan Joyce said there was not enough work for three separate facilities, and that the airline expects to save up to Aus$100 million (US$99 million) annually by the consolidation. \"Like the manufacturing industry, aviation maintenance is a labour and capital-intensive sector. Our cost base in heavy maintenance is 30 percent higher than that of our competitors,\" he said. \"We must close this gap to secure Qantas\' future viability and success. \"Qantas has invested heavily over the past 10 years in new aircraft that are more advanced, more efficient, attractive to our customers and require less maintenance, less often,\" he added. \"But we cannot take advantage of this new generation of aircraft if we continue to do heavy maintenance in the same way we did 10 years ago.\" One-off costs from the closure of its Tullamarine base and the redundancies would amount to about Aus$50 million, the airline said. Qantas has been struggling with high fuel costs which have eroded profits, as well as Joyce pulling all Qantas planes out of the skies for 48 hours last October as part of a dispute with staff. That row, over plans to shift the focus of its ailing international arm to Asia, was ultimately terminated by an order of the country\'s industrial relations umpire but it cost Qantas Aus$194 million. Joyce attempted to soften the jobs blow by indicating there was plenty of work elsewhere for skilled engineers, particularly in Australia\'s booming mining industry. \"Qantas maintenance engineers are highly skilled and have translatable skills that are sought after by other businesses,\" he said. \"Dozens of companies in mining and resources, engineering and manufacturing who are looking for highly skilled workers have contacted Qantas seeking to make contact with affected workers.\" Despite the cuts, Qantas still employs around 30,000 people in Australia.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qantas slashes 500 jobs as part of restructuring Arab Today, arab today qantas slashes 500 jobs as part of restructuring

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday