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Old 20th Sep 2001, 13:10
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thewwIIace
 
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Question solution: reduce retirement age!

just an idea, these are extraordinary times we are in, and we are in unknown ground here never seen before. the facts: airlines are to make a huge loss, fact: they must reduce staff numbers, fact: the senior guys are a higher cost base. the idea i heard being mooted would be to reduce the retirement age 5 years in each airline, ie BA would go from 55 to 50. it would work two fold, reduce staff numbers and secondly, the staff laid off would be there most expensive. hard for the older guys, but they have had a longer career and the younger guys are just starting off with young familys etc, the impact is less on an oldy to a newy! i know, they will say this will ****** up pensions etc, but surely it is better for a majority this way because companies are in a position for their first time that ALL could lose their jobs.
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