BA to cut up to 12,000 jobs in "restructuring and redundancy programme"
Apr 28, 2020, 10:28 am
#1
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BA to cut up to 12,000 jobs in "restructuring and redundancy programme"
Quite a large number just announced on BBC.
Any more knowledge here?
Any more knowledge here?
Apr 28, 2020, 10:31 am
#2
Join Date: Aug 2018
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The 'large number' being reported on BBC Breaking News is 12,000 people.
Apr 28, 2020, 10:32 am
#3
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Announced with brought forward Q1 results. https://otp.tools.investis.com/clien...newsid=1388295
Apr 28, 2020, 10:36 am
#4
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Apr 28, 2020, 10:37 am
#5
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Grim news, but not surprising, after the SAS announcement. I always anticipated that BA would be quite swift in taking such action. What none of the stories say (but people on here with inside knowledge might be able to reveal) is where those redundancies are, which areas of the business and what the timescales are. Hopefully a good few will be voluntary and with decent packages......
Apr 28, 2020, 10:39 am
#6
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The relevant section of the IAG advice for the quarter is:
“Most” suggests this falls across all areas of the business.
In light of the impact of COVID-19 on current operations and the expectation that the recovery of passenger demand to 2019 levels will take several years, British Airways is formally notifying its trade unions about a proposed restructuring and redundancy programme. The proposals remain subject to consultation but it is likely that they will affect most of British Airways' employees and may result in the redundancy of up to 12,000 of them.
As previously announced, British Airways has availed itself of the UK's COVID-19 Job Retention Scheme and furloughed 22,626 employees in April.
As previously announced, British Airways has availed itself of the UK's COVID-19 Job Retention Scheme and furloughed 22,626 employees in April.
Apr 28, 2020, 10:40 am
#7
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https://www.thesun.co.uk/news/115019...ers-redundant/
https://www.dailymail.co.uk/news/art...wners-IAG.html
I guess BA are having to dig in financially for the longhaul timewise , effect of Covid on travel, reduced demand and spend on Flights/Hotels/Hoildays is almost bound to last more than 12months
https://www.dailymail.co.uk/news/art...wners-IAG.html
I guess BA are having to dig in financially for the longhaul timewise , effect of Covid on travel, reduced demand and spend on Flights/Hotels/Hoildays is almost bound to last more than 12months
Apr 28, 2020, 10:41 am
#8
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Very tough times, let's hope it is enough and we passengers return in time.
Apr 28, 2020, 10:47 am
#9
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It is probably more complicated that this, and I have no idea what area of the business is impacted - but if making 12,000 redundant, when you consider they furloughed 23,000 - are they assuming 50% capacity for a few years?
Apr 28, 2020, 10:47 am
#10
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Grim news, but not surprising, after the SAS announcement. I always anticipated that BA would be quite swift in taking such action. What none of the stories say (but people on here with inside knowledge might be able to reveal) is where those redundancies are, which areas of the business and what the timescales are. Hopefully a good few will be voluntary and with decent packages......
Apr 28, 2020, 10:48 am
#11
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Tragic news and as I said earlier today when I mentioned on the Cargo thread I’d heard rumours, my thoughts really go out to all BA employees at this incredible difficult time.
My understanding is that this will include redundancies across the board from flight (rumoured to be 850) and cabin crew, maintainable, ground staff, call centres, operations, HR and other administrators.
Ths is a consultation at this stage, and ensures that there is sufficient notice to employees to provide flexibility with the approach as things continue to change at pace, including any extension to the government Furlough scheme.
I hope that none of the redundancies will take place whilst the job retention scheme remains in force. I know others feel this is ‘iffy’, but I think it is actually about being a good employer and has been factored in to the HMT modelling, including the hope that it will actually result in less job loss when there is more clarity.
My understanding is that this will include redundancies across the board from flight (rumoured to be 850) and cabin crew, maintainable, ground staff, call centres, operations, HR and other administrators.
Ths is a consultation at this stage, and ensures that there is sufficient notice to employees to provide flexibility with the approach as things continue to change at pace, including any extension to the government Furlough scheme.
I hope that none of the redundancies will take place whilst the job retention scheme remains in force. I know others feel this is ‘iffy’, but I think it is actually about being a good employer and has been factored in to the HMT modelling, including the hope that it will actually result in less job loss when there is more clarity.
Last edited by navylad; Apr 28, 2020 at 4:57 pm
Apr 28, 2020, 10:49 am
#12
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What terrible news. Thoughts are with all of those affected.
The indirect consequences of our reaction to this will be with us for decades.
The indirect consequences of our reaction to this will be with us for decades.
Apr 28, 2020, 10:50 am
#13
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A friend owns several international businesses, one of which has 4 board meetings a year across the globe, each meeting costs around $100k excluding the salaries of the directors. They’ve held a zoom board meeting during the shutdown and he sees no reason why 3 of the 4 meetings each year cannot be done remotely, they save $300k and staff are not spending two days per meeting travelling.
I think there will be tens of thousands of businesses changing their practises and it will have a massive impact on airlines, airports and business centric hotels around the world going forward.
I think there will be tens of thousands of businesses changing their practises and it will have a massive impact on airlines, airports and business centric hotels around the world going forward.
Apr 28, 2020, 10:55 am
#14
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My thoughts go out to everyone at this uncertain time.
It shows that BA will definitely be a smaller airline after all this, with fewer aircraft, routes and most improbably customers and staff.
It shows that BA will definitely be a smaller airline after all this, with fewer aircraft, routes and most improbably customers and staff.
Apr 28, 2020, 10:55 am
#15
Join Date: Aug 2017
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Just that in Q1 IAG lost €535m and most of this was due to BA and that IAG expects Q2 to be even worse.
Things will never be the same again. I was reading this morning that some countries view the UK as so far behind in terms of lockdown and potential cases that they are likely to close their border to us until December.
Things will never be the same again. I was reading this morning that some countries view the UK as so far behind in terms of lockdown and potential cases that they are likely to close their border to us until December.