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Stock impact report

British Airways to drive job cuts with cabin crew overhaul: memo [Reuters]

INTL CONSL AIRLNS S/ADR (ICAGY) 
NASDAQ:AMEX Investor Relations: iagshares.com
Company Research Source: Reuters
British Airways to drive job cuts with cabin crew overhaul: memo LONDON/PARIS (Reuters) - British Airways is planning a major overhaul of its cabin crew that will “significantly reduce” their numbers, an internal memo circulated on Wednesday showed, after parent IAG ( ICAG.L ) moved to cut as many as 12,000 of the airline’s 42,000 staff. Senior long-haul flight attendants stand to lose out as the carrier scraps its three existing cabin-crew organisations and reassigns a smaller number of staff to a single lower-cost entity, under plans outlined in the memo seen by Reuters. “Our proposals aim to save as many jobs as possible and secure a sustainable future,” the note from an in-flight customer experience executive that was later circulated among representatives of BA’s 16,500 cabin crew said. A BA spokeswoman declined to comment on the memo. Two union sources told Reuters they were aware of its content. The plans would abolish the “worldwide fleet” of mainly senior crew that fly long Show less Read more
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