Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Israeli strikes on Gaza as seen on social media

Read more

DEBATE

Africa's Newest Failed State: How to Stop Civil War and Famine in South Sudan? (part 2)

Read more

DEBATE

Israel and the Palestinians: How to Break the Cycle of Violence?

Read more

DEBATE

Africa's Newest Failed State: How to Stop Civil War and Famine in South Sudan?

Read more

AFRICA NEWS

Somalia : Al Shebab attack on presidential palace

Read more

FOCUS

Sharia law to be enshrined in British legal system?

Read more

ENCORE!

How a comedy dud became one of France's biggest box office hits

Read more

AFRICA NEWS

Kenya: Clashes at anti-government rally in Nairobi

Read more

WEB NEWS

ISIS leader challenged over expensive-looking wristwatch

Read more

  • Argentina beat the Netherlands on penalties to reach World Cup final

    Read more

  • Foiled French jihadist ‘targeted Louvre and Eiffel Tower’

    Read more

  • Obama in Texas to urge action on child migrant crisis

    Read more

  • Iraq’s heritage 'in danger' from ISIS militants

    Read more

  • Froome crashes out of Tour de France

    Read more

  • South Sudan independence heroes ‘have lost their way’

    Read more

  • Dozens of blindfolded bodies found south of Baghdad

    Read more

  • Israel pummels Gaza in retaliation for Hamas rocket attacks

    Read more

  • Alps Murder wife had ex-husband who died on same day

    Read more

  • Both candidates say they won Indonesian presidential election

    Read more

  • Brazil players should never wear 'sacred uniform' again, press says

    Read more

  • Exiled Syrian opposition elects new president

    Read more

  • China’s first Tour de France cyclist chases his dream

    Read more

  • Ukraine imposes new conditions on peace talks with pro-Russia rebels

    Read more

  • Sarkozy's UMP party 'almost €80 million in debt'

    Read more

  • Typhoon Neoguri turns deadly as it batters Japanese islands

    Read more

Business

British Airways asks staff to work for free

©

Video by Rachel MARUSAK

Text by NEWS WIRES

Latest update : 2009-06-18

British Airways, which announced a record annual loss of 590 million dollars (425 million euros) last month, said on Tuesday that it was asking its British-based employees to work for free for a period of up to one month.

REUTERS - British Airways, which reported a record annual loss last month, said on Tuesday it had asked its staff to work for free as part of the company's battle for "survival" in tough market conditions.

The appeal to its British-based employees, which featured in the company's staff magazine, asks workers to volunteer for between a week and a month in unpaid leave or in unpaid work.

Chief Executive Willie Walsh, who along with the chief financial officer Keith Williams has promised to work for nothing in July, said the idea was part of BA's across the board cost-cutting measures.

"Many of you from across the airline are stepping up to help the company," Walsh said.

"I am looking for every single part of the company to take part in some way in this cash-effective way of helping the company's survival plan. It really counts."

BA, Europe's third-biggest airline by revenue, posted annual operating losses of 220 million pounds ($362 million) and scrapped its dividend in May, saying it had suffered from a downturn in air travel and forecast no immediate revival.

It said 1,000 employees had volunteered to take part in a Business Response Scheme launched at the time which allowed staff to take a month's unpaid leave or to switch to part-time contracts.

Walsh, who earned 735,000 pounds a year, was one of those to sign up.

The new measure, which is designed to be more flexible, would not be compulsory but the company was instead encouraging staff to "play their part", a spokeswoman said.

Other companies have launched similar schemes in response to the global aviation crisis, including Cathay Pacific, where the majority of its workforce has signed up, BA said.

Last week, the company said it was in discussions with its pilots about taking pay cuts. Walsh has also said there would be more redundancies after reducing BA's headcount by 2,500 since March last year.

Date created : 2009-06-17

Comments

COMMENT(S)