This is potentially more damagaing than it looks. All managers were asked if they wished voluntary redunacy, noone would be rejected as been the case before. 450 have elected to take this. This is most likely to be the best 450 who will have little difficulty getting another job. In other words the best managers are leaving and the rest are staying to run the company. As a shareholder I find this deeply disturbing. WW has effectively got rid of all the managers that were ready to catch him when he falls back down to earth and clearly he doesn't care. What's next?? Like most other shares BA's are in freefall and although something needs to be done to bolster confidence mine has now completely gone. BA will now try to merge with as many other carriers as it can in an attempt to increase market share and reduce costs. These are always harder to achieve than it looks and really BA could end up being the junior partner if things continue to go in the direction they seem to be going!!