Qantas Airways will cut 5000 jobs as it moves to speed up its $2 billion cost cutting plan. The cuts,to made over a three year period, will involve the loss of 1500 management and non-operational roles and comes as the carrier booked a $252 million underlying loss for the six months to December 31. Qantas will also exit the Perth-Singapore route and use smaller aircraft on flights from Sydney and Brisbane to Singapore.
Intercad Pty Ltd, the leading supplier of 3D solid modelling products and services across Australia and New Zealand, has acquired fellow 3D CAD specialist Solidtec Solutions. As part of the deal, Solidtec personnel will join Intercad to further increase the level of expertise at the company, which over the past three years has transitioned into a full-service mechanical computer-aided engineering solutions provider. “We will merge the two businesses to support a larger range of services,” said Max Piper, Chief Executive Officer, Intercad Pty Ltd. “Established nearly 25 years ago, Intercad is the longest-standing 3D solid modelling specialist in the region, giving us a depth of industry knowledge that is evidenced in the range of services we offer and the breadth of products we represent.” Solidtec sales personnel will join Intercad as a result of the acquisition. Former Solidtec Chief Executive Officer Shane Preston said the sale will ultimately benefit both organisations – their personnel and the customers. “Manufacturing is facing significant headwinds, but it’s a resilient industry and companies are constantly looking to invest in services that increase productivity in a competitive global market,” said Piper. “Intercad is working on developing partnerships with organisations such as IC3D to further strengthen our ability to offer customers a more complete solution that meets their requirements and maximises their investment in SolidWorks, including products for steel fabrication and simple language translation.”
