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IAG plans A$250m a year of cost savings

peter-harmer-iag

Australian giant IAG is aiming to save A$250m (£148m) from its operating costs over the next three years.

In a strategy update on 8 December IAG's managing director and CEO Peter Harmer, pictured, announced plans to reduce operating costs by 10% or A$250m pre-tax by the end of the 2019 financial year.

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