Aug 16, 2011

Qantas Announcement

The Australian Government believes in an Australian-based and majority Australian-owned Qantas.

It is regrettable Qantas has announced that around 1,000 jobs are being cut, most through voluntary redundancies.

Qantas employs more than 35,000 people with 90 percent of those jobs based in Australia.

Job losses are always regrettable but the Government acknowledges that this is a commercial decision taken by Qantas.

The Qantas Sale Act requires that:

  • Qantas’s main operational base and headquarters must remain in Australia;
  • Total foreign ownership not exceed 49 per cent;
  • The name of Qantas must be preserved for the company’s scheduled international passenger services;
  • The company must be incorporated in Australia;
  • At least two-thirds of the board of Qantas must be Australian citizens; and
  • The chairman of the Board must be an Australian citizen.

The Government strongly supports these provisions being maintained to ensure that Qantas remains an iconic Australian brand.