Qantas / To cut 5000 jobs

2007 to present (Photo credit: Wikipedia)

QANTAS is gearing up to axe 5000 jobs and sell its terminal at MelbourneAirport to prove to the Abbott Government it can make the tough business decisions required to obtain federal assistance.

The airline may also take the razor to its budget offshoot Jetstar, slashing jobs and routes, as it lobbies the Government to provide it with a lifesaving debt guarantee.

Job cuts, previously forecast to be 2000, are now expected to be closer to 5000.

The Herald Sun has been told up to 1500 of those jobs could come from the executive and support divisions of the Qantas group.

Chosen excerpts by Job Market Monitor. Read the whole story at Qantas set to axe 5000 jobs and sell its Melbourne Airport terminal to negotiate federal assistance | The Australian.