Walsh gets BA bonus for ‘improved industrial relations’
02.04.11
Willie Walsh, the former chief executive of British Airways, received his first bonus in three years, despite the continued dispute with cabin crew, the Guardian reports. The group's annual report cites ‘an improvement in industrial relations’ as one of his bonus criteria.
He was awarded the £420,000 bonus for the last 9 months of 2010, paid in addition to base salary and benefits of £564,000 for the period. The bonus was partly in recognition of his efforts to create IAG, the combination with Iberia, as well as for returning BA to profitability after three years of record losses and securing a long-awaited alliance with American Airlines.
The bonus payout sparked objections last night from the cabin crew union. A spokesman for Unite said: ‘It is premature to pay bonuses on the basis of improved industrial relations and it is an insult in the week cabin crew voted in serious numbers to take strike action, reflecting their continued frustration at the airline's inability to solve this long-running dispute. Shareholders ought to be concerned that vast sums are being paid out to management who have yet to deliver what they promised.’
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