Qantas slashes jobs as crisis hurts
14-04-2009
Australia's international airline, Qantas, has issued a profit warning, and made sweeping cuts to both staff and aircraft numbers as a result of the global financial crisis.
The company downgraded its annual profit forecast by 80-percent and said it would slash as many as 1,750 jobs.
It'll also defer multi-billion dollar orders for 16 jetliners and put another ten up for sale.
The announcement saw Qantas shares plunge by almost 10-percent when trading resumed today.
