Australia's Qantas to cut 90 senior management jobs
Australian airline Qantas said it will cut 90 senior management positions and maintain a salary freeze due to "commercial challenges" posed by the global financial crisis.india Updated: Mar 25, 2009 09:47 IST
Australian airline Qantas said on Wednesday it will cut 90 senior management positions and maintain a salary freeze due to "commercial challenges" posed by the global financial crisis.
Qantas chief executive Alan Joyce said the global slowdown was affecting the entire aviation industry and the airline was responding by removing "layers and layers of management".
"Starting today, we will be making some longer-term organisational changes to the management of the Qantas Group to develop a leaner, more fast-moving organisation," he said.
The job losses come on top of 1,500 positions Qantas announced it would scrap last July.
Joyce said Qantas had to act decisively in the face of the financial crisis and "our response must begin with those of us who lead the company."
He said executives who retained their jobs would have to take on new roles as the airline's management structure was comprehensively overhauled.
"These changes will mean fewer overheads and reduce the number of layers between those leading the business and those working with our customers, our aircraft and business partners," he said.
"But we are taking great care to retain the ability to deliver world class customer service and ensure safety is not compromised."
The move is Joyce's first major initiative since he was appointed as chief executive last November after five years running Qantas' budget offshoot Jetstar.