Qantas Airways Cutting 20% Of Workforce As Coronavirus Hammers Aviation Industry
Qantas Airways Ltd is axing at least 20% of its workforce and intends to raise up to A$1.9 billion of equity under a sweeping cost-saving plan prompted by the coronavirus pandemic.
The Australian airline also said it will ground 100 aircraft for up to 12 months and retire its remaining Boeing Co 747 fleet immediately.
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