Originally Posted by
ermis177
Does it? According to Financial Times article ( i cannot post it as it is behind a pay wall, article is BA job cuts: peanut analogy) slashing the payroll by 12.000 staff will save BA just 5 per cent of ex-fuel operating costs on 2019 numbers...
I am not taking sides here, but that statement is a little misleading, disingenuous perhaps. The full quote is (bolding mine for emphasis):
"...
Broker Goodbody reckons four months pay is the average redundancy cost, implying a restructuring charge of £200m. Take that in a single hit, and the one year saving for BA would be just 5 percent of ex-fuel operating costs, on 2019 numbers..."
If we are going to debate the rights and wrongs, it is important that we see more of the picture.