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30 May 2020 17:53
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  •   Home > News > Business

    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs

    Air New Zealand is warning its staff it's about to embark on a process to shed 3500 jobs


    Air New Zealand
    Air New Zealand
    The airline says its revenue will fall from its current $5.8 billion a year to $500 million a year, and it cannot sustain such losses without major cost cutting,

    He says the airline can only get back to anything approaching its current level if Kiwis embrace domestic travel after the Level 4 alert is lifted.

    The airline says it will be much smaller when the crisis is over and it may take many years to get back to its current size.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     30 May: Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full
     30 May: The business community says everyone should be thinking about how the country can create more jobs after Covid-19
     29 May: The country's largest furniture and homewares retailer retailer will open its doors tomorrow... in what's being described as a significant boost for the local economy
     29 May: Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines
     29 May: Coronavirus sparks unprecedented closure of UK pubs, causes 70 million pints of beer to be wasted
     29 May: Farmers are supporting the efforts, to keep our waterways clean
     29 May: Expectation that it will take 12 to 18 months till the country financially recovers
     Top Stories

    RUGBY RUGBY
    Braydon Ennor enjoyed a bit of soul searching during his Covid-19 lockdown More...


    BUSINESS BUSINESS
    Despite the rain in Auckland over the past week, the city's dams are still only 43 per cent full More...



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