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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"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."
Of course, the BA guys and girls joining those from Flybe and Thomas Cook ..... unprecedented

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https://www.gov.uk/redundancy-your-r...redundancy-pay
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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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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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Yes as I said in my post it is unlikely BA would pay the statutory minimum. As for the unions negotiating I can't see how they will have much power now.
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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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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.