BA pilot voluntary redundancy
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BA pilot voluntary redundancy
The Mail online has the story. The top 500 have been offered a package to go, we are all now waiting to see how many take it up.
Mail link here
Mail link here
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Overstress
Not strictly true. The company will be/are contacting the top 500 initially with an illustration of the offer and inviting applications. At the same time anyone else is welcome to apply.
Not strictly true. The company will be/are contacting the top 500 initially with an illustration of the offer and inviting applications. At the same time anyone else is welcome to apply.
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Top 500 ( or any pilot in BA who requested a 'severance' quote by 5th May) should receive their letter between 15th and 20th May, and anyone wanting to accept the offer, has until May 31st to accept. I'm waiting for mine with interest. It is then up to BA how many of those are given it!
Don't believe everything that's written in the Media; but this doesn't seem too far off the truth, I hope !
Don't believe everything that's written in the Media; but this doesn't seem too far off the truth, I hope !
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MMMday38
Now realise who you are, don't let the B******Ds drive you out,spent most of my flying life as a CLING ON [ex Cambrian] and later as one of the FEW[Flat Earth W
] the title given to the first of us who crossed over from shorthaul to long haul, for all the crap loved every minute in BA
] the title given to the first of us who crossed over from shorthaul to long haul, for all the crap loved every minute in BA
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Is this a touch narrow sighted?
A saving of £20M/yr has been quoted here, but we are sitting at the start of the recovery of this current economic recession - if BA were to dump these pilots, at a significant cost in the short term, to attempt a saving in the long term - would they not need to recruit again, at cost, when the good times come back?
A lot of if's and but's here... discuss.
A saving of £20M/yr has been quoted here, but we are sitting at the start of the recovery of this current economic recession - if BA were to dump these pilots, at a significant cost in the short term, to attempt a saving in the long term - would they not need to recruit again, at cost, when the good times come back?
A lot of if's and but's here... discuss.
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assuming -and this is a massive assumption- we are at the start of a recovery, then even if we ignore that it's likely to be a long and protracted recovery, 100 senior pilots gone - on [say] an average of £100k p.a. = £10m p.a. saved.
If you replace 1 for 1, given everyone starts at the bottom, on £48k (assuming no SSP cadet entries, who you can pay even less to...) =£5m.
QED cost reduction of AT LEAST £5m a year. Alright, hardly a make or break amount for an airline such as BA, but still a decent sum....
If you replace 1 for 1, given everyone starts at the bottom, on £48k (assuming no SSP cadet entries, who you can pay even less to...) =£5m.
QED cost reduction of AT LEAST £5m a year. Alright, hardly a make or break amount for an airline such as BA, but still a decent sum....
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Disgusted of Tunbridge
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The only 'but' is that an organisation like BA can get the best financial minds in the country to work out whether it is worth it! It's up to them, isn't it? If they say it's worth it, who's to argue?
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we may be at the start of a recovery in the wider economy - however that doesn't mean that we are going to return to the bloated, out of control orgy of the last 3 or 4 years. BA, like everyone else, has over-expanded for a 'normal' market. Even if long term, sustainable growth occurs, its starting from a much smaller market than at the height of the bubble, and remember that a significant proportion of BA's bottom line came from transatlantic premium pax - and who did they work for?
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Quote:
has over-expanded for a 'normal' market
Do explain.... Yesterday 22:24
has over-expanded for a 'normal' market
Do explain.... Yesterday 22:24
The economy probably will recover(not definately as the question of the 80% of GDP national debt still remains unanswered), and probably will grow again leading us back to reasonably good times, but it will take a few years, maybe more than few, before the market even gets back to where it was at the end of 2007.
Thats what I mean by BA having over-expanded - they merely expanded to match the bubble then found themselves standing on air when the bubble burst.