IAG: BA restructuring may cost 12,000 jobs
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IAG: BA restructuring may cost 12,000 jobs
Reuters (28th April 2020) is reporting that IAG is in talks with BA unions about widespread redundancies.
https://www.reuters.com/article/brie...-idUSFWN2CG13O
Best of luck to all.
* RECOVERY TO LEVEL OF PASSENGER DEMAND IN 2019 IS EXPECTED TO TAKE SEVERAL YEARS, NECESSITATING GROUP-WIDE RESTRUCTURING MEASURES* IAG IS NOT CURRENTLY PROVIDING PROFIT GUIDANCE FOR 2020* GROUP EXPECTS ITS OPERATING LOSS IN Q2 TO BE SIGNIFICANTLY WORSE THAN IN Q1
* LIKELY THAT RESTRUCTURING AND REDUNDANCY PROGRAMME WILL AFFECT MOST OF BRITISH AIRWAYS’ EMPLOYEES AND MAY RESULT IN REDUNDANCY OF UP TO 12,000
* LIKELY THAT RESTRUCTURING AND REDUNDANCY PROGRAMME WILL AFFECT MOST OF BRITISH AIRWAYS’ EMPLOYEES AND MAY RESULT IN REDUNDANCY OF UP TO 12,000
Best of luck to all.
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...and 4,500 of those are pilots.
https://mediacentre.britishairways.c...actsheets-3/33
Good Luck to all those affected by this.
https://mediacentre.britishairways.c...actsheets-3/33
Good Luck to all those affected by this.
Last edited by Auxtank; 28th Apr 2020 at 18:51.
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Originally Posted by whatdoesthisbuttondo
From the pilots point of view, it’s pretty expensive to make pilots redundant, BA has what 45,000 employees?
"Employees get:
1.5 weeks’ pay for each full year of employment after their 41st birthday
a week’s pay for each full year of employment after their 22nd birthday
half a week’s pay for each full year of employment up to their 22nd birthday
Length of service is capped at 20 years and weekly pay is capped at £538. The maximum amount of statutory redundancy pay is £16,140."
Originally Posted by Panel3
There's just over 4500 of us. Possibly 800 redundancies indicated earlier. If the financial crisis is anything to go by VR will be offered first. In the 2008 case we had more volunteering than needed. After that, this time, who knows.
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Originally Posted by whatdoesthisbuttondo
From the pilots point of view, it’s pretty expensive to make pilots redundant, BA has what 45,000 employees?
https://www.gov.uk/redundancy-your-r...redundancy-pay
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Originally Posted by Panel3
There's just over 4500 of us. Possibly 800 redundancies indicated earlier. If the financial crisis is anything to go by VR will be offered first. In the 2008 case we had more volunteering than needed. After that, this time, who knows.
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'Restructuring' means contracts and Ts and Cs out of the window, as well as Redundencies/Severance.
My thoughts are with all affected.
My thoughts are with all affected.
Last edited by stormin norman; 28th Apr 2020 at 19:19.
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Originally Posted by Good Business Sense
Of course, the BA guys and girls joining those from Flybe and Thomas Cook ..... unprecedented
Originally Posted by peacheyglobes
It could be, although if BA paid the statutory minimum redundancy pay (and I accept that is a big 'IF') then it would actually be quite inexpensive compared to pilot's salary. From gov.uk website:
"Employees get:
1.5 weeks’ pay for each full year of employment after their 41st birthday
a week’s pay for each full year of employment after their 22nd birthday
half a week’s pay for each full year of employment up to their 22nd birthday
Length of service is capped at 20 years and weekly pay is capped at £538. The maximum amount of statutory redundancy pay is £16,140."
"Employees get:
1.5 weeks’ pay for each full year of employment after their 41st birthday
a week’s pay for each full year of employment after their 22nd birthday
half a week’s pay for each full year of employment up to their 22nd birthday
Length of service is capped at 20 years and weekly pay is capped at £538. The maximum amount of statutory redundancy pay is £16,140."
My company offered it with an uncapped weekly pay for instance. Unions will negotiate .
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Originally Posted by C195
How many (approximately) pilots did Flybe and Thomas Cook employ?
my sympathy and empathy to all BA staff.
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Originally Posted by helicrazi
Statutory yes, but they can offer any package they want...
My company offered it with an uncapped weekly pay for instance. Unions will negotiate .
My company offered it with an uncapped weekly pay for instance. Unions will negotiate .
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What about Lingus and Iberia.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
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Originally Posted by GKOC41
What about Lingus and Iberia.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
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Originally Posted by GKOC41
What about Lingus and Iberia.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
And the Italian Government bails out Alitalia and Air France get a big wad of Government cash.
Just goes to show where employee's are on BA's ladder.
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Who would have thought a company making 2 billion profit would turn around and axe 1/4 of its workforce when the going gets rough? Apart from the staff working for BA, of course, who know what a ruthless, heartless bunch they are.
Surely it doesn't matter how much cash is pumped in, demand for travel will be alot less so a reduction in work force is inevitable in any company. Cash just keeps the lights on for longer at the moment.
