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Old 28th January 2002 | 03:02
  #36 (permalink)  
basil fawlty
 
Joined: Mar 2001
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When I was at BA I built up a considerable shares holding via the profit share scheme. These were appropriated to me at the 500-600p a share level. They are now worth approx 220p a share...The best thing that can happen now is a takeover bid, and then perhaps some of us who believed in the company will recover just some of our losses!! Bring back John King...all is forgiven!. .I agree with Jamie, I'm sure that the airline will eventually go back to a longhaul, one base operation, using interline agreements with "new" shorthaul airlines to supply feeder traffic.. .(BOAC/overseas division was the only profit making section the airline originally had anyway!) . .We all know about the problems at BA, they have been flogged to death on these forums, top heavy management etc. etc. However I think that the issue of staff (flying or non flying), some on "old, A scale" contracts and others on "new, B scale" contracts is totally unjust. The salaries, T&C's etc. for a particular job should be consistent. However we have BALPA et al to thank for creating a completely UNLEVEL playing field. Pay and conditions do NEED to move with the times, but the unions have looked after those in the top half of the seniority list (after all their 1% is worth a lot more isn't it?) and sold out the new guys. The modern BA, and airline industry in general, strikes me as a land of extremes...senior people raking it in, and the new guys struggling to make ends meet. Yes, the experienced people should earn more money via increments, but the differentials that now exist due to different contracts are quite frankly obscene!
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