BA chief executive refuses bonus
British Airways chief executive Willie Walsh has refused a £334,000 bonus as the dispute with the unions continues. This is the second time that Willie Walsh has refused a bonus offer from the remuneration board although he is still on a basic salary of £735,000. He also waived his pay in July, as did many British Airways staff, as a means of saving money for the company.
As the more recent industrial action comes to an end there are already rumours that the unions are about to ballot members for further industrial action in the short-term. Suggestions that the two parties may well come to an agreement to end this dispute appear to be well short of the mark and the two parties appear more at odds than ever before. There will come a point when both parties will have to give some ground to save the day but meanwhile the reputation and the finances of British Airways are being impacted yet again.
Industrial action in the UK is set to mushroom over the next couple of years as conflicts between management and unions are certain to become more commonplace. With wage rises in the UK unlikely in many areas until 2015 there is certainly more scope for conflicts in the future.
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