BA boss says burning through cash, urges unions to engage
The boss of BA said its parent company IAG was burning through GBP178m a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts. British Airways came under heavy attack from lawmakers in parliament on Wednesday, who accused it of taking advantage of a government scheme to protect jobs while at the same time announcing plans to cut its workforce by 28%. In an internal letter to staff, Alex Cruz, the CE of British Airways said the job losses were necessary as IAG’s cash reserves would not last forever and the future was one of more competition for fewer customers. BA also wants to change terms and conditions for its remaining workers to give it more flexibility by, for example, making all crew fly both short and long-haul.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-05/oneworld/ba-boss-says-burning-through-cash-urges-unions-to-engage
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BA boss says burning through cash, urges unions to engage
The boss of BA said its parent company IAG was burning through GBP178m a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts. British Airways came under heavy attack from lawmakers in parliament on Wednesday, who accused it of taking advantage of a government scheme to protect jobs while at the same time announcing plans to cut its workforce by 28%. In an internal letter to staff, Alex Cruz, the CE of British Airways said the job losses were necessary as IAG’s cash reserves would not last forever and the future was one of more competition for fewer customers. BA also wants to change terms and conditions for its remaining workers to give it more flexibility by, for example, making all crew fly both short and long-haul.<br/>
