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		</div><p>Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia’s largest airline tries to survive the coronavirus pandemic.</p>
<p>The company announced plans to reduce costs by billions of dollars and raise fresh capital, including the grounding 100 planes for a year or more and immediately retiring its six remaining Boeing 747 planes.</p>
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<p>Chief executive Alan Joyce said the airline has to become smaller as it braces for several years of much lower revenues, and furloughed workers faced a long interruption to their airline careers.</p>
<p>He told reporters: “The actions that we’re taking will have a huge impact on thousands of our people.</p>
<p>“This is something that weighs very heavily on all of us</p>
<p>“This is something that we don’t make a decision on very easily. But the collapse of billions of dollars in revenue leaves us with little choice if we are to save as many jobs as possible longer term.”</p>
<blockquote><p>This crisis has still hit us very, very hard and the impact will be felt for a long time</p></blockquote>
<p>Mr Joyce said the airline entered the crisis in a better position than most airlines and remained optimistic about the future.</p>
<p>“This crisis has still hit us very, very hard and the impact will be felt for a long time,” he added.</p>
<p>In a plan filed with the Australian stock exchange, Qantas said it would reduce costs by 15 billion Australian dollars (£8.25 billion) over three years and raise new equity of 1.9 billion Australian dollars (£1 billion) to help accelerate the airline’s recovery and position it for new opportunities.</p>
<p>Qantas employs about 29,000 people, and Mr Joyce said he expected only about 8,000 of them would be working by next month, and 15,000 by the end of the year.</p>
<p>He added that as international routes opened back up over the next two years, he hoped the workforce would increase again to 21,000.</p>
<blockquote><p>$4.19 Qantas&#8217; share price on Thursday, compared to a 52-week range of $7.46-$2.03</p></blockquote>
<p>He said the airline planned to be back to 40% of its pre-crisis domestic flying by July, but that international routes would take much longer to return.</p>
<p>Australian prime minister Scott Morrison said the Government wanted to help former Qantas employees suffering from the “terrible job losses” to find new work in other parts of the economy.</p>
<p>He said he remained optimistic about the Australian economy, especially after the International Monetary Fund pointed out it was navigating the financial crisis better than most other developed nations.</p>
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<p>“That’s where the hope comes from,” Mr Morrison said.</p>
<p>“Because the hope says that we’re on our way back. And as hard as these days are, there are better days ahead.”</p>
<p>Qantas shares were placed into a trading halt ahead of the announcement.</p>
<p>The airline’s shares are down just over 40% this year, but have recovered somewhat from March when they were down by as much as 70%.</p>
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