Australia's Qantas to pay $76 million to former employees
Updates with more details in paragraphs 2-4
Dec 17 (Reuters) -Australia's Qantas Airways QAN.AX said on Tuesday that it has reached a settlement with the Transport Workers Union (TWU) for compensation of A$120 million ($76.2 million) that it will pay former ground workers who were sacked in 2020.
The airline will pay the ex-employees througha compensation fund that willbe established in early 2025, it said.
The carrier added that the final amount will comprise of factors including compensation to the TWU and the costs incurred to distribute the funds to the individuals.
The Federal Court will conduct a separate hearing at a later date to determine whether Qantas will be penalized for sacking the individuals, the airline said.
($1 = 1.5748 Australian dollars)
Reporting by Rajasik Mukherjee; Editing by Sonia Cheema
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