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IAG: BA restructuring may cost 12,000 jobs

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IAG: BA restructuring may cost 12,000 jobs

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Old 10th Jul 2020, 09:58
  #1241 (permalink)  
 
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When this all kicked off, I thought it was fairly obvious that the aviation industry wouldn’t get going again in any real sense before the beginning of next year. It seems people forgot this was likely when bojo started opening everything up again, but it shouldn’t come as a surprise, surely?

I don’t mean this to sound mean in any way - quite the opposite in fact. My point is, the actions being taken by airline management, brutal though they are in their tactics (and that needs to change), are based on these worst case numbers. That may actually be a good thing, in terms of our expectations going forward. Also, don’t forget that although the number of cases in the US is increasing, the death rate is actually going down. That’s good news, despite it not being reported as such.
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Old 10th Jul 2020, 12:39
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Just worth stating that people don't die the day they are confirmed infected. There is a lag of approx. one month. It is a bit early to make the assumption that deaths are going down.
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Old 10th Jul 2020, 15:56
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fair point, though I was also under the impression that an increasing number were testing positive and were nowhere near being on a ventilator (and had no threat of that becoming a possibility). Harder to quantify, though.
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Old 11th Jul 2020, 00:09
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Originally Posted by Busdriver01
...the actions being taken by airline management, brutal though they are in their tactics (and that needs to change), are based on these worst case numbers.
The actions taken by modern airline management are based on nothing more than what they think they can get away with.
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Old 11th Jul 2020, 14:17
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Data breach fine £183 million.
Fuel hedging failure £1.3 BILLION.

And they get away with keeping THEIR jobs?


Incidentally, rough maths, firing 450 pilots would only save approx £40 million per year.
BA says they are burning £20 million a DAY.
So 2 days saving then. Small change.
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Old 11th Jul 2020, 14:35
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The Data breach fine will never be enforced, it was a joke of a fine ! I assume by calling it a fuel hedging failure that you were jumping around shouting that the price of oil was going to go negative. If you were burning through your household budget at a rate of knots and you had lost pretty much all your income would you keep sky and your gym membership or would you cancel them ? You should take the helm as you clearly have a masterplan to get us out of this hole !
Oh and guess what, the figures I saw have Waterside losing plenty of jobs, so maybe they haven't kept THEIR jobs ?
This is S*@T and WE are all in this together
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Old 11th Jul 2020, 15:00
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it’s proven that fuel hedging has not been profitable over time. So yes, you could hold someone responsible.
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Old 11th Jul 2020, 16:58
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Not sure I appreciate my value to an airline being compared to the relevance of Sky membership within a household budget.
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Old 11th Jul 2020, 20:19
  #1249 (permalink)  
 
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Do you think people actually care?
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Old 11th Jul 2020, 20:25
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Originally Posted by Not my job mate
This is S*@T and WE are all in this together
We are most definitely not all in this TOGETHER, that is pretty evident.
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Old 12th Jul 2020, 15:36
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Originally Posted by Not my job mate
Oh and guess what, the figures I saw have Waterside losing plenty of jobs, so maybe they haven't kept THEIR jobs ?
This is S*@T and WE are all in this together
I think you'll find that WW and his stonking pension would disagree with you once he's got those contract changes forced through.
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Old 12th Jul 2020, 18:19
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Originally Posted by Not my job mate
The Data breach fine will never be enforced, it was a joke of a fine ! I assume by calling it a fuel hedging failure that you were jumping around shouting that the price of oil was going to go negative. If you were burning through your household budget at a rate of knots and you had lost pretty much all your income would you keep sky and your gym membership or would you cancel them ? You should take the helm as you clearly have a masterplan to get us out of this hole !
Oh and guess what, the figures I saw have Waterside losing plenty of jobs, so maybe they haven't kept THEIR jobs ?
This is S*@T and WE are all in this together
Oh the naivity......
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Old 13th Jul 2020, 08:43
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Originally Posted by FlipFlapFlop
Maybe just add “in my opinion” when making your doom laden predictions.
I think that caveat serves for every single post on PPRuNe, does it not?
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Old 13th Jul 2020, 09:01
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EAJIT : Yeah. Along with the equally infuriating "Just my two cents worth" and "IMHO"................Aaaaaagh !
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Old 13th Jul 2020, 16:58
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Obviously the deal that's been leaked all over the Internet has to be formally accepted yet but I have to say that as someone who in the past has been heavily critical of BALPA this deal seems like a great success on their part, so well done. Hopefully they can pull off similar magic at Easyjet and Jet2 in the coming weeks but I imagine they're position at BA was helped greatly by the fact BA never wanted to fire 1000 pilots in the first place and were happy to negotiate, they unfortunately won't find as much leeway with the other two.
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Old 13th Jul 2020, 18:35
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Just for clarity, this was never a negotiation.
It is a legal requirement to have a ‘consultation’ for a minimum of 45 days, then continue with the morally repugnant opportunism.
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Old 13th Jul 2020, 18:37
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Just for clarity, it was never a negotiation.
It is a legal requirement to have a ‘consultation’ for a minimum of 45 days, before continuing with the morally repugnant opportunism.
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Old 13th Jul 2020, 18:48
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You can only say it’s a better outcome for many than expected, but still dreadful for many too. The reality is 850-900 would be redundant if it were not for Balpa and the pilot workforce. Our measures will help many significantly and at very least pause rather than stop the careers of those who find themselves redundant.

It is crap, it makes you cross but I understand why we are where we are. I feel gutted for anyone who is CR, it could even be me, but I am encouraged by the career returns agreed to.

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Old 13th Jul 2020, 19:41
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Does anyone have an opinion what BA’s strategy might be going forwards? Sure, sign the current deal with BALPA, force through the changes with unite/GMB and then what? As others have pointed out, the savings are pretty minuscule compared to the quoted cash burn of £20 million a day. We face a revenue crisis, and a few round trips to Majorca while screwing the staff isn’t going to fix it. Our primary market appears as though it is going to be closed to travel until possibly 2021.

I am utterly fascinated what AC is going to write in his emails, once he can no longer write about negotiations with staff.
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Old 13th Jul 2020, 19:50
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If we have a long term revenue problem we don’t need to worry about our jobs. No business can survive such a loss of revenue for a sustained period. Just don’t even think about what may or may not happen. It will only make today miserable.
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