British Airways to freeze pay, cancel staff bonuses National Edition

Other cost-cutting measures include the cancellation of a dividend for the six months ended Sept. 30 and probably of a final dividend, as well as attempts to delay delivery of as many as 43 Airbus SAS planes worth as much as US$2-billion. British Airways is also merging its two U.K. regional carrier...

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Bibliographic Details
Published inNational post (Toronto)
Main Author Julia Kollewe and Chris Jasper
Format Newspaper Article
LanguageEnglish
Published Don Mills, Ont Postmedia Network Inc 11.10.2001
Subjects
Airlines
Employees
Executives
Labor unions
LONDON
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Summary:Other cost-cutting measures include the cancellation of a dividend for the six months ended Sept. 30 and probably of a final dividend, as well as attempts to delay delivery of as many as 43 Airbus SAS planes worth as much as US$2-billion. British Airways is also merging its two U.K. regional carriers, with the loss of 200 jobs. The GMB, BA's second-largest union with 4,000 members, rejected the salary plan and said it may take industrial action. It wants British Airways to seek a "bailout package" from the U.K. government.
ISSN:1486-8008