Unite union admits that British Airways action is probably over the top
In a surprise development regarding the planned 12 day Christmas strike by British Airways cabin staff, Derek Simpson, the boss of the Unite union, has admitted that the action is "probably over the top". After Gordon Brown entered the fray and pleaded with both parties to negotiate an agreement, the revelation that even some within the union believed the 12 day action is too much does in many ways weaken the union's position.
British Airways is going to the courts today to try and prevent the action which they believe will have a massive impact on the business and the group as a whole. As we covered yesterday, British Airways is looking at a pension fund deficit in excess of £3 billion, significant debts and a business which is losing its reputation due to the inability of the British Airways management and unions to come to an amicable agreement.
There are grave concerns about the medium to long term future of British Airways and when you consider that the sector is still struggling, the Christmas strike action is the last thing the company needs. Many believe we will see both parties enter "real" negotiations in the short term and hopefully a resolution can be reached.
Share this..
Related stories
How long will the retail bonanza last?
In spite of forecast that UK retail spending would come under pressure around the festive period and the New Year sales may not be as lucrative as many had hoped, the initial signs are that UK consumers are still shopping in record numbers. Unfortunately this cannot last forever due in the main to the fact that disposable income in the UK is still under pressure and a great number are still concer...
Read MoreUK shoppers hit the streets
In yet another bizarre U-turn in the UK retail sector it is believed that shoppers were out in record numbers today, many battling through snow and ice cold winds across the UK. As we covered in one of our earlier articles, many retail companies have brought forward their Boxing Day sales and we are seeing massive discounts ahead of Christmas day. So will this retail joy continue? While many re...
Read MoreEuro under pressure as dollar heads higher
As the situation in Greece, Portugal, Spain and other Eurozone economies continue to worsen there is increasing pressure on the Eurozone which has seen the dollar and sterling move higher. Despite the fact that the euro was put forward by many as the future "golden currency" it has come in for severe criticism and severe pressure over the last few days. There are serious concerns that Greece, P...
Read MoreLabour Party split over class war
The Labour Party is apparently split over plans by Gordon Brown to introduce a class war into the forthcoming election campaign and try to divert attention from the Tory party as a party for the people. Many people believe this particular strategy is a last stand for Gordon Brown and is potentially high-risk but also potentially high reward. So why is the Labour Party split? The truth is that t...
Read MoreAirline industry under more pressure
In an amazing development bookmaker Paddy Power has begun to take bets on which airline will be next to fall by the wayside. The well-known bookmaker has slashed the odds on Monarch, a privately owned Swiss airline, from 50/1 to 4/1 making it the favourite to fall by the wayside in the short term. However, the company has denied any financial trouble and criticised Paddy Power for running a book o...
Read More