Jetset to scrap 110 jobs

Jetset, the travel company partly owned by Qantas, will scrap 110 jobs with a smaller annual profit to be announced.

The company warned today its pre-tax profit will be lower than the $30.7 million it reported last year due to impairment charges.

Chief executive Peter Lacaze said in a statement ongoing losses dictated a “detailed review of the resources assigned to that business activity”.

This article first appeared on SmartCompany.