PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 28th Apr 2020, 16:38
  #1 (permalink)  
Just a spotter
 
Join Date: May 2006
Location: Dublin
Posts: 755
IAG: BA restructuring may cost 12,000 jobs

Reuters (28th April 2020) is reporting that IAG is in talks with BA unions about widespread redundancies.
* RECOVERY TO LEVEL OF PASSENGER DEMAND IN 2019 IS EXPECTED TO TAKE SEVERAL YEARS, NECESSITATING GROUP-WIDE RESTRUCTURING MEASURES

* IAG IS NOT CURRENTLY PROVIDING PROFIT GUIDANCE FOR 2020

* GROUP EXPECTS ITS OPERATING LOSS IN Q2 TO BE SIGNIFICANTLY WORSE THAN IN Q1

* LIKELY THAT RESTRUCTURING AND REDUNDANCY PROGRAMME WILL AFFECT MOST OF BRITISH AIRWAYS’ EMPLOYEES AND MAY RESULT IN REDUNDANCY OF UP TO 12,000
https://www.reuters.com/article/brie...-idUSFWN2CG13O

Best of luck to all.

JAS
Just a spotter is offline