Qantas prepares for union talks

Airline to confront job cut criticism at meeting next week: report.

Last week’s decision by Qantas Airways (QAN) to slash 1,000 jobs will see the national carrier face criticism from union heavyweights at a meeting next Wednesday, according to Fairfax Media.

The airline, which had it credit rating cut to junk last week and saw its share price hit a record low yesterday, has arranged a meeting between its top executives and leaders from unions including the Transport Workers Union, the Australian Council of Trade Unions, the Australian Services Union and those representing pilots and engineers, the report suggested.

It is expected that the unions will be briefed on the likely extent of jobs losses in different areas of the business.

Meanwhile, talks between private equity groups and unions are in their infancy in regard to a push for a change of strategy at the beleagaured airline, according to Fairfax.