British Airways Posts Loss, Plans 3,000 More Job Cuts

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British Airways Posts Loss, Plans 3,000 More Job Cuts

Submitted by editor on Fri, 11/06/2009 - 10:47

U.K. carrier British Airways PLC Friday posted its worst first-half results in history and now is targeting almost 5,000 job cuts by the end of the fiscal year, The Wall Street Journal reported. The airline aims to ax 4,900 positions as it widens its savings plan beyond the U.K. It shed 1,900 workers in the first half and now intends to cut a further 3,000 personnel world-wide by March 31. Of that total, 3,700 job losses will be in the U.K. BA currently employs 38,704 workers. The move likely will increase union anger. Unite, which represents about 70% of BA's work force, Thursday failed to secure a high court injunction to prevent BA from making changes to cabin crew working practices. A strike ballot will now go ahead with results expected to be announced Dec. 14. Depending on the result, a strike could still hit BA as soon as Dec. 21. BA said its first-half net loss for the period ended Sept. 30 widened to £217 million (about $360 million) from £49 million a year ago. Read more. (Subscription required.)

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British Airways Posts Loss, Plans 3,000 More Job Cuts

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