PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 6th Oct 2020, 17:43
  #1910 (permalink)  
White Van Driver
 
Join Date: Jun 2020
Location: UK
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The paycut across all the pilots has saved the company around £60m this year (very rough calc). I don't disagree with this as a methodology, in fact I voted for it. But it still counts as wads of cash by any metric! And this is the same group of pilots who were told very clearly that there wouldn't be any profit share for them when the profits were nudging £2000m a year.

The whole point of a profit share is that it goes down to zero when times get tough for the company, giving them an automatic reduction of outgoings.

MichaelOLearyGenius is clearly trolling for something, but I just couldn't let the false narrative slide by unchallenged.
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