Qantas and Jetstar have announced that two-thirds of their 30,000 employees will be temporarily stood down from late March until at least the end of May.
The Reserve Bank is tipped to make an emergency interest rate cut to a new low of 0.25 per cent today as it unleashes a quantitative easing program to cushion the economy from the coronavirus crisis.
Read more here: https://www.abc.net.au/news/2020-03-19/qantas-to-stand-down-two-thirds-of-employees-due-to-coronavirus/12069876
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