Struggling airline Qantas has said it will cut 5,000 jobs, after reporting a heavy financial loss.
It is part of the Australian carrier's plans to reduce costs by A$2bn ($1.8bn; £1bn) over the next three years.
The cuts were announced alongside an underlying pre-tax loss of A$252m for the six months to the end of December.
http://www.bbc.com/news/business-26362322
Australia's Flying Kangaroo is facing the most tempestuous times in its long history.
Battling record fuel costs and unrelenting competition from subsidised rivals, Qantas has just announced 5,000 job cuts alongside an underlying pre-tax loss of 252m Australian dollars (£135m; US$225m) for the second half of 2013.
http://www.bbc.com/news/business-26349350
It is part of the Australian carrier's plans to reduce costs by A$2bn ($1.8bn; £1bn) over the next three years.
The cuts were announced alongside an underlying pre-tax loss of A$252m for the six months to the end of December.
http://www.bbc.com/news/business-26362322
Australia's Flying Kangaroo is facing the most tempestuous times in its long history.
Battling record fuel costs and unrelenting competition from subsidised rivals, Qantas has just announced 5,000 job cuts alongside an underlying pre-tax loss of 252m Australian dollars (£135m; US$225m) for the second half of 2013.
http://www.bbc.com/news/business-26349350
