British Airways unveils plans to make 400 job cuts

International Airline Group (IAG), the FTSE 100 company which owns British Airways, has warned that it has entered talks with unions to discuss plans to cut jobs within the airline's cabin crew based at Heathrow airport.

International Airline Group (IAG), the FTSE 100 company which owns British Airways, has warned that it has entered talks with unions to discuss plans to cut jobs within the airline's cabin crew based at Heathrow airport.

BA is starting a 90-day period of consultations with Unite, the airline's union, to discuss the option of voluntary redundancy.

The airline, which employs a cabin crew of around 14,000, said that it would offer a redundancy package to senior employees of the crew.

In a statement British Airways said: "We are offering voluntary redundancy to some members of our senior cabin crew to help address an imbalance in our crew numbers. Based on the feedback from our senior cabin crew in the past few months, we believe that there will be good demand for this opportunity."

The redundancies will be made on both long-haul and short-haul flights.

The airline's sister company, Iberia, has already caused trouble with its union after unveiling controversial plans to slash 4,500 jobs, prompting strike threats during the busy pre-Christmas period.

The share price was 0.23% higher despite the news, at 171.70p by 14:05.

NR

Recommended

Share tips of the week - 12 August
Share tips

Share tips of the week - 12 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
12 Aug 2022
Britain’s ten most-hated shares – w/e 9 August
Stocks and shares

Britain’s ten most-hated shares – w/e 9 August

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
10 Aug 2022
Aviva: One for income investors to tuck away
Share tips

Aviva: One for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
10 Aug 2022
Director dealings w/e 5 August: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 5 August: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
9 Aug 2022

Most Popular

UK House Prices Set To Fall? It’s Not So Simple
House prices

UK House Prices Set To Fall? It’s Not So Simple

Figures suggest UK house prices are starting to slide, but we shouldn’t take these numbers at face value, explains Rupert Hargreaves.
11 Aug 2022
Are UK house prices finally heading for a crash?
House prices

Are UK house prices finally heading for a crash?

The latest house price figures show a fall of 0.1% in July. With interest rates rising, inflation hitting double figures and a recession on the cards,…
5 Aug 2022
Why now is a good time to buy diamond miners
Commodities

Why now is a good time to buy diamond miners

Demand for the gems is set to outstrip supply, making it a good time to buy miners, says David J. Stevenson.
12 Aug 2022