New York (AirGuideBusiness - Company Watch) Jun 28, 2009
British Airways said that 6,940 employees, about 17 percent of its total workforce, have agreed to either unpaid leave, part-time work or unpaid work in a move that will save the airline up to [pounds sterling]10 million. CEO Willie Walsh called it "a fantastic first response." Unpaid leave/work was available for 1-4 weeks, with the pay deduction spread over 3-6 months. Jun 26, 2009
British Airways PLC said Thursday that almost 7,000 staff have responded to a call from the carrier to apply for voluntary pay cuts as it seeks to trim costs. British Airways said the pledge by the workers to take unpaid leave, work part time or carry out unpaid work would save the company up to USD 16 million. The carrier had …
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