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Qantas to cut 5,000 jobs in A$2bn cost-cutting move

27 February 2014 Last updated at 12:44 GMT

Struggling airline Qantas has said it will cut 5,000 jobs, after reporting a heavy financial loss.

It is part of the Australian carrier's plans to reduce costs by A$2bn ($1.8bn; £1bn) over the next three years.

The cuts were announced alongside an underlying pre-tax loss of A$252m for the six months to the end of December.

BBC Sydney correspondent Phil Mercer reports.

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