Qantas Cuts Jobs, Makes Small Profit: Qantas has announced a series of staff cutbacks to counter rising costs and falling yield, though has managed to record a $12. 1m net profit for the 1989/90 financial year. The airline announced in early November, a week before the release of its 1989/90 financial results, that it would

The Federal Airports Corporation (FAC) has posted a $43. 6m 1989/90 financial year operating profit on revenues of $266m. Profit before interest paid to the Federal Government was $90. 8m; a dividend of $Sm was paid. The FAC invested $100m in 19 airports during the year, double that of 1988/89. • Qantas has announced a

Kangaroo 92 to Test Defence Strategy in the “Wet”: The Australian Defence Force will conduct a major field training exercise in Northern Australia during the ‘wet season’ early in 1992. The next in the triennial Kangaroo series of major joint exercises, Kangaroo 92 will be smaller in scale and scope than Kangaroo 89. The exercise

Embraer Announces Significant Workforce Cuts: Embraer have announced a major organisational restructuring and job cuts aimed at cutting expenditures by about $US50m. According to a company spokesman, the “drastic measures were adopted to put the company back in the profitability track and to make its size consistent with the revenue generating programs currently in production”.