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Qantas Statement On Staff Reductions

Sydney, 21 January 2002

Qantas Airways said today that it announced on 15 November 2001 that the airline would reduce staff positions by between 1,500 and 2,000 due to the sharp and continuing deterioration in the international aviation market.

The November statement said the reduction would be achieved through redundancies, attrition and by not filling budgeted vacancies and that Qantas had also introduced a range of initiatives including:

- taking of annual and long service leave;- job sharing by interested staff; and- leave without pay.

Qantas Chief Executive Officer Geoff Dixon said today the reduction in positions announced in November last year had been achieved, with about 600 people taking redundancy.

"We said at the time that every effort would be made to keep compulsory redundancies to a minimum and I am pleased that we have achieved this aim," Mr Dixon said.

"The bulk of reductions will be achieved through attrition, not filling budgeted vacancies, job sharing, staff taking long service leave and leave without pay.

"We hope that there will be a net increase in jobs in the future," Mr Dixon said. "However this will depend on the speed of the recovery in the international aviation market over the next 18 months and the level of discounting in the domestic market with the large capacity increases expected over the next six months.

"The aviation industry remains volatile, both internationally and domestically, and Qantas will ensure that it remains competitive against both current and new competitors by continuing to make sound economic and operational decisions."

Issued by Qantas Corporate Communication (2589)
Media Contact: Des Sullivan (02 9691 3742)
Email: qantasmedia@qantas.com.au