British Airways trade union pleads case to IAG investors

British Airways trade union pleads case to IAG investors
British Airways trade union pleads case to IAG investors

Thank you for reading the news about British Airways trade union pleads case to IAG investors and now with the details

Jeddah - Yasmine El Tohamy - LONDON: The trade union battling British Airways (BA) has met investors in its parent company IAG, seeking to ramp up pressure on the airline over plans to cut staff, pay and conditions.
BA plans to cut 12,000 staff, or more than a quarter of its workforce, to tackle the coronavirus crisis and has also angered unions by proposing new contracts for the workers it keeps.
Unite, the union which represents BA cabin crew, has responded by lobbying for law to be changed to allow BA to be stripped of some valuable take-off and landing slots at London’s Heathrow Airport if it proceeds with it plans.
Sharon Graham, Unite’s executive officer, said it had won significant political backing for its campaign and met investors this week to highlight the risks to BA’s profits if it lost key airport slots.
She said Unite had support from 90 lawmakers from several parties. A minister said earlier in June that BA’s slots could be reviewed.
Graham forecast the battle with BA could last a year and said its significance went beyond the airline industry.
“If we let this company get away with this, then other companies will follow suit. There’ll be things people would like to do and they’ll use the crisis to do it,” she said.
Under historical rights, BA operates over 50 percent of slots at Heathrow and losing any would hurt its profits.
At the moment, about 22,000 BA staff are furloughed.
Unite says the 30,000 staff it plans to keep are being given new contracts, some with pay cuts of up to 70 percent. BA says it has proposed pay cuts to a maximum of 20 percent.
The union says other airlines including easyJet, Ryanair and Virgin Atlantic have all agreed that pay cuts and other changes would be temporary.
Alex Cruz, BA’s boss, told staff in June that if slots were removed, more jobs would go.

These were the details of the news British Airways trade union pleads case to IAG investors for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV The price of the dollar today, Saturday, September 25, 2021 in...
NEXT European stocks post seventh month of gains