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Indiaexportnews.com

Thousands of staff opt for pay cuts

  29.06.2009    

Nearly 7,000 British Airways staff have taken an early opportunity to apply for voluntary pay cuts in support of the airline’s cost reduction programme.
Of the 40,000-strong workforce, 6,940 employees had volunteered for unpaid leave, part-time working or unpaid work by June 24. Their actions will save the company up to £10 million.
Willie Walsh, British Airways’ chief executive, said: “This is a fantastic first response. I want to thank everyone who has volunteered to help us pull through this difficult period.
“This response clearly shows the significant difference individuals can make.”
Options were made available for staff to volunteer for between one and four weeks unpaid leave or unpaid work, with the pay deduction spread over three or six months.
The options also included switches to part-time working or longer periods of unpaid leave. Staff will have further opportunities to take part in the programme later in the year.



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