Virus-ravaged travel firm Flight Centre says an initial 6,000 of its global sales and support staff globally will either be stood down or made redundant in the company's latest bid to preserve a future.
In Australia, where government has installed international travel bans and domestic border controls, about 3,800 people in sales and support roles will be temporarily stood-down.
This follows similar recent moves by other travel businesses, including Qantas, Virgin Australia and Helloworld.
The company said it will initially retain up to 70 per cent of its 20,000 global workforce but will, however, assess further reductions as the pandemic evolves.
"These never-before-seen restrictions, which have forced airlines to ground their fleets and heavily reduce their flight schedules, have virtually halted travel demand and led to the stoppage of the vast proportion of work that Flight Centre's people previously carried out," the company told the ASX.
On Thursday, Virgin Australia said more than 1,000 workers will likely be made redundant from the 8,000 asked to stand down from their jobs as demand for air travel plunges.
Helloworld has announced it will be sacking 275 people across its global network and standing down another 1,300 workers.
Virgin Australia has announced it is standing down around 8,000 of its 10,000 workers and will be cutting its domestic capacity by 90 per cent. Source: AAP
Qantas is standing down 20,000 of its 30,000 workforce.
Westpac forecasts there will be over 814,000 job losses leading to an 11 per cent unemployment rate by June as a result of coronavirus disruptions.
Flight Centre had already announced it would close up to 100 underperforming stores and has scrapped its earnings guidance amid mounting airline service cuts and widening travel bans.
This week it cancelled its 40 cent interim dividend to save $40.1 million and its shares were voluntarily suspended from trading on Monday after plunging nearly 80 per cent this year to $9.91.
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