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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>
<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>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">The Qantas Group has announced a post-COVID recovery plan and equity raising for a stronger future. Read here: <a href="https://t.co/SjkdxD1BwD">https://t.co/SjkdxD1BwD</a></p>
<p>&mdash; Qantas (@Qantas) <a href="https://twitter.com/Qantas/status/1275941376757100544?ref_src=twsrc%5Etfw">June 24, 2020</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>He told reporters: <em>“The actions that we’re taking will have a huge impact on thousands of our people.</em></p>
<p><em>“This is something that weighs very heavily on all of us</em></p>
<p><em>“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.”</em></p>
<p>Mr Joyce said the airline entered the crisis in a better position than most airlines and remained optimistic about the future.</p>
<p><em>“This crisis has still hit us very, very hard and the impact will be felt for a long time,”</em> 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>
<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 “<em>terrible job losses</em>” 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>
<p><em>“That’s where the hope comes from,”</em> Mr Morrison said.</p>
<p><em>“Because the hope says that we’re on our way back. And as hard as these days are, there are better days ahead.”</em></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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