As a result of the war in Iraq and the deadly SARS virus, Qantas
is to make 1000 staff redundant before the end of June.
The restructure would involve 1700 positions, with 1000 redundancies, 400 permanent positions being eliminated through attrition and 300 permanent positions being converted to part-time employment. The reductions will affect 9% of management and 5% of wage and salary employees.
The company would also extend the accelerated leave program to include the equivalent of 1000 employees taking leave between July and September. The program has already involved the equivalent of 2500 people taking leave between March and June 30.
Ad hoc changes to flying schedules would also be implemented until conditions showed any improvement. Planned international flying would be reduced by around 20% between April and mid-July, starting 28 March.
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(07/01/2003) Qantas Opens New 1st & Business Class Lounges