Australia’s Qantas to cut 90 senior jobs
Qantas Airways Ltd, Australia’s top airline, moved to rein in costs with another round of job cuts, this time targeting its senior management team, to help it ride out the global financial crisis.
Qantas will shed 90 top management positions adding to 1,500 job cuts announced last year, it said on Wednesday.
The airline said in a statement it would a maintain a salary freeze and make a number of role changes for remaining managers.
Source: Reuters
Laid off? No multi-million bonuses? How come?