British Airways to sell art collection amid coronavirus cash squeeze July 14, 2020 Struggling British Airways (BA) is flogging 17 pieces from its art collection at auction house Sotheby’s, as the cash-strapped carrier continues to battle the coronavirus pandemic. In total, the combined pieces could be worth up to £1.4m, according to estimates, with the most expensive, Bridget Riley’s Cool Edge, slated to sell for £1.2m. The sale, [...]
British Airways must follow rules when it comes to job cuts, ministers warn June 24, 2020 The transport secretary has warned British Airways (BA) that it must follow the rules when it comes to making sweeping job cuts, saying he is “very, very concerned” about the 12,000 roles set to be made redundant. BA has come under heavy fire in recent weeks over its decision to make the cuts, with many [...]
IAG chief hits back after MPs blast BA as ‘national disgrace’ over job cuts June 15, 2020 The chief executive of British Airways (BA) owner IAG has hit back at MPs after a report from the transport select committee labelled the UK’s flag carrier a “national disgrace”. Tensions between lawmakers and the airline have become inflamed over BA’s plans to make 12,000 of its staff redundant during the coronavirus crisis. The report [...]
MPs label British Airways a ‘national disgrace’ over job cuts June 13, 2020 MPs have condemned British Airways, calling the embattled carrier a “national disgrace” over its plans to make 12,000 of its staff redundant. In a report from the transport select committee, MPs described the airline’s actions as a “calculated attempt to take advantage of the pandemic to cut 12,000 jobs and to downgrade the terms and [...]
Scottish MP submits bill to block BA’s ‘fire and rehire’ plans June 10, 2020 SNP MP Gavin Newlands has submitted an emergency bill to the House of Commons which would prevent firms using controversial “fire and rehire” tactics on their employees. The decision to bring forward the bill comes after it was claimed that British Airways (BA) was planning on making all 42,000 of its staff redundant and then [...]
MPs slam British Airways’ use of furlough amid 12,000 job cuts May 14, 2020 MPs have hit back at British Airways’ owner IAG after the firm’s chief executive confirmed that up to 12,000 proposed job cuts would still go ahead despite the extension of the job retention scheme until October. In response to IAG chief Willie Walsh’s confirmation of the redundancies, transport select committee chair Huw Merriman said that [...]
IAG secures Spanish bank loans for Iberia and Vueling despite BA job cuts May 1, 2020 International Airlines Group (IAG) this morning announced it had secured over €1bn (£880m) in Spanish bank loans for its Iberia and Vueling carriers, a day after announcing 12,000 job cuts at British Airways (BA). The loans, which will be guaranteed by the Spanish state bank, will see Iberia receive $750m and Vueling $260m to see [...]
British Airways to axe a quarter of pilots amid 12,000 job cuts April 30, 2020 British Airways owner IAG expects to make a quarter of its pilots redundant as part of a scheme that could axe 12,000 jobs. The airline said it will reduce its pilot headcount by 955 for what it termed “volume adjustment” and a further 175 it pinned on “efficiency changes”. That would cull 1,130 pilots out [...]
Coronavirus: British Airways to suspend 36,000 workers April 2, 2020 British Airways is preparing to suspend 36,000 employees after it was forced to ground flights due to coronavirus. The airline is close to reaching a deal with union Unite after negotiating for more than a week, however some details still need to be agreed upon, the BBC reported. Up to 80 per cent of the [...]
British Airways suspends Gatwick flights over coronavirus March 31, 2020 British Airways has temporarily suspended flights from Gatwick Airport over the worldwide coronavirus crisis. BA has already warned it must slash jobs and ground planes to combat coronavirus travel bans, and today took the step of stopping Gatwick flights. “Due to the considerable restrictions and challenging market environment, like many other airlines, we will temporarily [...]