Dear Moderator. Not sure which part of my last post you did not like. Sorry about that. SP
The point you have all missed is that things will get better/are getting better. Already the price of oil is rising and the FTSE has gained 15% since the beginning of the year. Walsh has got to hurry up screwing his workforce, otherwise by the time the cuts are made the airline will be in profit again! Obviously it would be as profitable as Luthansa is now (who have just awarded their cabin crew a pay rise and improvement in T&C's), if it wasn't for the disastrous fuel hedging positions we currently are tied to.
I am very surprised that the managers responsible for Fuel Hedging have not been dismissed or reprimanded, for virtually bankrupting British Airways. Mr Wals was very quick to sack Gareth Kirkwood and David Noyes over the T5 debacle. Why is he so selective with who he fires?
The problem for the cabin crew is that WW is not offering any hope. If sacrifice is made now, there will be no compensation later when the profits roll back in. Management will benefit through their bonus award package, but reductions in T&C's will stick forever. This is unacceptable.
BA management have a long history of incompetence. Under Bob Ayling's BEP savings of £42m were demanded. This is when the new low pay contracts were started which are now apparently too costly as well. However BA went and wasted £67m ( and much more than that probably) painting the aircraft tailfins in new ethnic desgins. Later as we all know, that decision was reversed and even more money was wasted painting them into the current 'Chatham' design. Once bitten, twice shy I am afraid.
Anyone would think BASSA have not even negotiated or offered a viable alternative, but they have. Unfortunately with Walsh it is his way or the highway. Confrontation is inevitable.
Last edited by Stall Pusher; 15th June 2009 at 10:48.