FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

British Airways set for summer of strikes

In a stereotypical Unions V Corporate UK it has been revealed that British Airways is readying itself for a summer of strikes after a redundancy plan was voted down by union members. The Unite union has been very vocal in its opposition to a redundancy plan which offered either pay cuts across the board or compulsory redundancies across all areas of the business.



BA chief executive Willie Walsh is no stranger to controversy with the Unite union although this time it appears as though he's doing it from a severely weakened financial position with the business in urgent need of a complete overhaul. While the unions have accused British Airways directors of bullying staff into redundancies or pay cuts the company has stated on more than one occasion that significant cost-cutting is required in the short to medium term. The company has around 40,000 employees and is rumoured to be looking at staff cuts around about the 10% level although there is fierce opposition from the unions.



As the UK recession shows no sign of lifting in the short to medium term we are set to see significant strike action in the run-up to the next general election as businesses struggle to meet costs and employees struggle to retain their jobs. In all honesty there are no particular winners in these situations.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue