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Old 23rd March 2006 | 07:48
  #390 (permalink)  
Jordan D
 
Joined: Dec 2002
Posts: 646
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From: London & Edinburgh
Story now on BBC News Online:

http://news.bbc.co.uk/1/hi/business/4836054.stm
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BA set to raise staff pension age

British Airways has proposed to raise the retirement age for some of its workers in a bid to close a £1bn black hole in its pension scheme.
Under the proposals, the compulsory retirement age for pilots and cabin crew will rise to 60 from 55.

Willie Walsh, BA chief executive said the change "will provide competitive, affordable pensions for the future".

The airline pledged to pay an extra £500m into the pension scheme once the changes have come into force.

More soon.
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Jordan
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