QANTAS TO SLASH SENIOR EXECUTIVE JOBS

MELBOURNE, March 24 (Bernama) -- Qantas will slash a third of its senior
executive positions to save A$24 million a year.

Between 60 and 80 managers will lose their jobs as the airline pursues its
year-long battle to contain costs.

The new wave of redundancies, due to be announced within the next week,
involves second-tier managers who are paid between A$200,000 and A$400,000 a
year,the Herald Sun newspaper said.

It is believed that rank-and-file workers, their numbers already thinned by
previous cuts, will be exempted from the latest action.

The most senior executives, on salary packages ranging from A$600,000 to
A$2.6 million a year, are not affected.
--BERNAMA