Walsh continues to press for staff concessions
25.06.09
British Airways chief executive Willie Walsh has warned staff in an internal email that unless they accept proposed pay and productivity changes, the airline's future is 'definitely at risk'. His latest warning about the parlous state of the carrier comes as he tries to convince BA's 40,000 staff to accept job, conditions and pay cuts before a June 30 deadline.
BA is seeking up to 4,000 job cuts, including 2,000 voluntary redundancies from its 14,000 cabin crew. In his email Mr Walsh said: 'There is no immediate threat to our business if we act with speed. However, the drop in revenue we witnessed in the fourth quarter of last year goes well beyond anything that we can save from our costs. Central to our plan for survival is a fundamental and structural change to our employee cost base. If we do not change, then the future of our business is definitely at risk.'
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