Quantas mum on reports of job cuts

Quantas is silent on recent reports of axing 5000 jobs and selling off its terminal at the Melbourne Airport. They have released a statement about this on Tuesday morning, citing that “We are not in a position to comment on that speculation”.

Although it declined to comment on the issue, Quantas acknowledged that the company is set to make tough decisions to reach their $2 billion cost saving goals. They pledged to take steps to reduce current costs, acknowledging heavy losses in the current economic situation.

Read more about this on the Sydney Morning Herald website.