BA hints at job losses as revenue falls - Times Online
British Airways has raised the possibility of significant job losses in the coming year and warned that its revenue will fall by 5 per cent.
The airline was updating shareholders on its outlook for the year and hinted that it may have to pay for job losses. The company has already cut the headcount in management by about 500 from 1,400 but these costs have been accounted for.
The airline has so far declined to speculate on whether jobs would also be lost from cabin crew and its operations division. BA is negotiating with trade unions to freeze the pay of its 45,000 staff.
In a statement BA said: "A similar operation result for 2009-10 to that forecast for 2008-09 has been targeted, before any severance costs in 2009-10."
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