British Airways pilots have accepted a deal that will temporarily cut pay by 20% and eliminate more than 200 jobs, the pilots' union said on Friday.
FILE PHOTO: A British Airways Boeing 747 is seen at the Heathrow Airport in London, Britain, July 17, 2020. REUTERS/Hannah McKay/File Photo
“The deal means that there will be temporary 20% pay cuts reducing to 8% over two years and towards zero over the longer term”, British Airline Pilots Association said in a statement. The ballot result was 85% to accept the deal on an 87% turnout. There will be no “fire and rehire” of pilots, the union said.
Earlier this year, British Airways, which is owned by International Consolidated Airlines Group , was seeking to lay off a quarter of its pilots, according to a letter sent to the union and seen by Reuters.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
British Airways pilots accept pay cuts, job losses negotiated by unionBritish Airways pilots have accepted a deal that will temporarily cut pay by 20% and eliminate more than 200 jobs, the pilots' union said on Friday.
Weiterlesen »
BA owner IAG to raise $3.3 billion to ride out COVID crisisBritish Airways owner IAG plans to raise 2.75 billion euros ($3.27 billion) from shareholders to repair its finances and brace for a more chaotic future while KLM, the Dutch arm of Air France-KLM, said it would cut 1,500 additional jobs
Weiterlesen »
Australia to require Google and Facebook to pay for news contentThe Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fair pay for news...
Weiterlesen »
Volkswagen posts $940 million first-half loss and cuts dividend as pandemic hammers salesVolkswagen has reported an operating loss of 800 million euros ($940 million) for the first half of 2020 and cuts its dividend as the coronavirus pandemic hammered car sales.
Weiterlesen »
Diamond giant De Beers likely to cut jobs after COVID-19 hitDiamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand.
Weiterlesen »
Power Line: Insiders and leaked audio reveal new details of job cuts at Exxon - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »