IAG: BA restructuring may cost 12,000 jobs

[NoelEvans]

Do you guys realise how you are coming across to the general population? And to many other pilots too? Don't expect huge amounts of sympathy with comments like several above!

[hans brinker]

Absolutely not true. Taxes are based on income, sales taxes (equivalent to VAT are low).
I live in the US, after tax, "pension", health insurance and other compulsory deductions my take home is 57% on average. Federal income tax is lower but by the time you add state tax and city tax and healthcare deductions it gets WAY higher than 20%. (and that is without taking into account a co-pay of $3000 for minor heel surgery, or $1500 for a breast biopsy, or $250.0000 for a college degree......)

[777JRM]

Ok, my apologies, I was calculating on married, joint-filing in Florida, having been resident, notwithstanding other costs of living.
And don’t forget, in the US you can offset way more than the UK allows.

But it still shows that the phrase ‘rip-off Britain’, whoever coined it, may have been close to the truth.

[hans brinker]

Yeah, no state income tax definitely helps. Living in Denver, CO, with a spouse who makes as much as I do doesn't!

[Phantom4]

In BA’s 2018 Full year figures and Financial Statement there is a section on threats to the business including cyber attacks,climate issues,LOCOs and lastly pandemic.Does this imply that BA have an element of insurance to mitigate their losses??

[bex88]

If they did why let that little detail stop them from “letting a good crisis go to waste”

It seems our biggest threat is the UK government and the devolved parliaments

[stormin norman]

The biggest threat is the lack of interest in the Public travelling - now or in the future.

[bornfree]

I wonder if we might cease discussing taxes and incomes and get back to the issue of BA restructuring and the potential impact on future employment and conditions.

[Not my job mate]

Originally Posted by stormin norman

The biggest threat is the lack of interest in the Public travelling - now or in the future.

I think this is what we need to be concentrating on. Not our tax bills or living in denial that this is somehow exactly what BA wanted !

[kcockayne]

Things are beginning to look up - first BAW arrival in Jersey for about four months ; & three of the latest EA32 NEOs just flown over.

[Wickerbill]

Originally Posted by Phantom4

In BA’s 2018 Full year figures and Financial Statement there is a section on threats to the business including cyber attacks,climate issues,LOCOs and lastly pandemic.Does this imply that BA have an element of insurance to mitigate their losses??

No it doesn't it's a statement of risk assessment required under the regulations for publishing accounts of Limited Liability Companies in the UK. It does not imply insurance cover, nor do they have any Business Interruption cover for losses due to pandemic.

[krismiler]

In the UK the top 5% of earners (£80k+) pay 50% of the total income tax

Not really, top earners pad out their fees and packages to give them what they want in hand. Professionals such as solicitors charge hundreds of pounds an hour to account for the tax man's grab, their clients pay extortionate rates from their after tax earnings in order to pay the service provider's tax bill. The top 5% then want to be recognised for the amount of tax they have contributed when they have simply charged it to someone else and passed it on.

The middle class bear the burden as they support the lower class with taxpayer funded welfare benefits and pay the upper class tax for them.

[777JRM]

The top 1%.

HMRC data shows that over one-quarter of income tax is paid by the top 1%.

[Raph737]

Wow, Surely the BA pilots (So as EZY, Jet2, TUI, RYR) who are looking at becoming unemployed soon, aren’t overwhelmingly worried about their taxes right now.....😏

Seriously, who cares? Back to topic, when does the consultation period is supposed to expire and is there any updates?

[White Van Driver]

OK Back to thread. The minimum consultation period is over. The company are accepting expressions of interest for voluntary redundancy and part time working until this Friday (10 July). Shortly thereafter we should be given a view of the whole deal and then firm up our VR/PT applications and (I guess) the union members will get to vote on the deal at large.

I'm expecting nothing this coming week then it all to hit the fan very quickly next week.

I just hope that those above me have gone for enough part time to save my butt. And I hope that the part time I'm going for is enough to save the poor sods below me.

(note: the "above me" and "below me" presumes a compulsory redundancy matrix largely predicated on LIFO. We haven't seen anything on this officially yet so that really is a presumption. The company stated they wanted by seat and fleet, the union stated they wanted LIFO+ but were not specific about exactly what the + would include)

What fun

[TURIN]

May I offer an apology.

I mentioned taxes, almost as a throw away comment. It seems I started a w1lly waving contest and totally ruined what has been an interesting and informative thread.

Please, everyone. Let it go or start another thread in JB. Thanks.

[Countdown begins]

March this year I was poised to leave a job I've done for just under 16 years to join BA. Luck etc has prevented that, and I now have the chance to look again post COVID, with all my licences squared away. BA are re-modelling to be a competitive business, that's for sure.

[RexBanner]

Originally Posted by Countdown begins

BA are re-modelling to be a competitive business, that's for sure.

yes because they were decidedly uncompetitive before Covid-19 with their £2Billion profits

[Countdown begins]

You miss the point. A business makes money, some goes to shareholders, some goes to the tax man. Rolling your eyes with a sense of entitlement is rather silly.
The perks are still here, the pay may be cut. It’s not a pilot’s market out there anymore. We need to get real, where on won’t, 5 will.

[Jackjones1]

If I was a shareholder/owner/investor of IAG & BA was haemorrhaging X million a day I think I would be asking why 12,000 people that were being made redundant hadn’t left the company as let’s face it a lot of other airlines in the same boat have already got rid of staff so is it the case they can see a small chink of light at the end of the tunnel & don’t need those numbers now or is the tunnel still lined with barbed wire?