Qantas cuts 500 jobs and splits into two arms
Tuesday, May 22, 2012/
Qantas has announced a major restructure, which will see it split its operations into separate domestic and international businesses with their own management.
News of the restructure followed the airline’s announcement yesterday that it was cutting 500 jobs.
The two arms, Qantas International and Qantas Domestic, will be formally managed as two distinct businesses, with their own operational and commercial functions.
Financial results from each arm will also be reported separately and the new structure will be effective from July 1 this year.
“This change will enable a greater focus on the priorities of turning around the Qantas International business and enhancing the strong Qantas Domestic business, as part of the overall group strategy,” Qantas says in a statement.