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.

Not entirely unexpected. We shall see what sort of (if any) kind of package is offered.
Good luck everyone.

From the pilots point of view, it’s pretty expensive to make pilots redundant, BA has what 45,000 employees?

...and 4,500 of those are pilots.

https://mediacentre.britishairways.c...actsheets-3/33

Good Luck to all those affected by this.

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."

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

statutory redundancy pay is now capped at £16,140

https://www.gov.uk/redundancy-your-r...redundancy-pay

Bad news but not unexpected.

I do fear that many of my friends around the globe are going to end up unemployed by the end of this year.

Panel3 - Sorry I got my numbers wrong - I was basing it on BA Factsheet - so they appear to not know either - or just don't bother updating info very often. Have edited my post. Yes, very different circumstances to the banking crisis in which we find ourselves. Best wishes to you and all. What a bugger this all is.

'Restructuring' means contracts and Ts and Cs out of the window, as well as Redundencies/Severance.

My thoughts are with all affected.

How many (approximately) pilots did Flybe and Thomas Cook employ?

Statutory yes, but they can offer any package they want...

My company offered it with an uncapped weekly pay for instance. Unions will negotiate .

tcx uk had about 630. About half those had new positions by January. Disregarding furlough, quite a few have been let go again.
my sympathy and empathy to all BA staff.

So the nightmare rolls on.

Good luck to the Nigels and Nigellas

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.

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.

You mean the Goverments ladder?

BA ain't the government, which is kind of the point I think ?

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.