TEENAGE SCRIBBLER OWES HIS DOG A BONE July 14, 2009 THIS is the face of the “teenage scribbler”, the 15-year old Morgan Stanley intern who set the world on fire, sort of anyway, earlier this week with his musings on media consumption among his peers. Young Matthew Robson must be wondering what has hit him since Morgan Stanley published the paper he wrote in the [...]
BA PILOTS AGREE TO TAKE PAY CUT July 13, 2009 BRITISH AIRWAYS (BA) pilots agreed to a 2.6 per cent pay cut yesterday, as part of a package of measures designed to save the ailing airline £26m. The move comes as the firm’s directors prepare themselves for what is expected to be a stormy annual meeting today. The pilot’s union Balpa said 94 per cent [...]
BA PILOTS AGREE TO TAKE PAY CUT July 13, 2009 BRITISH AIRWAYS (BA) pilots agreed to a 2.6 per cent pay cut yesterday, as part of a package of measures designed to save the ailing airline £26m. The move comes as the firm’s directors prepare themselves for what is expected to be a stormy annual meeting today. The pilot’s union Balpa said 94 per cent [...]
BA calls in Acas to avert strike action July 1, 2009 BRITISH AIRWAYS (BA) said it asked the conciliation service Acas to intervene in a bid to reach a deal with unions on jobs and pay yesterday. Talks between BA and the Unite and GMB unions aimed at agreeing a series of cost-cutting measures including a pay freeze and more than 3,500 job losses broke up [...]
BA STAFF AGREE TO WORK FOR FREE June 25, 2009 EIGHT HUNDRED British Airways (BA) staff will work for nothing next month, after the struggling airline convinced 7,000 employees, or 17 per cent of its workforce, to take a pay cut. Chief executive Willie Walsh, who earns £735,000 a year, said the staff would save the airline around £10m. Walsh has already agreed to work [...]
Iata: airlines will lose $9bn in 2009 as downturn bites June 8, 2009 AILING airlines across the world face losing $9bn (£5.7bn) by the end of the year, the International Air Transport Association (Iata) said yesterday, almost doubling the estimate it made in March. Iata’s director general Giovanni Bisignani said it was “the most difficult situation the industry has faced”. British Airways’ chief executive used the data to [...]