British Airways is on course to make up to 12,000 staff, more than a quarter of its workforce, redundant following a collapse in global travel due to the coronavirus crisis.
The airline's parent company IAG said a restructuring and redundancy program that would primarily affect BA was being put to trade unions as it looked to the future beyond the COVID-19 pandemic and the grounding of the vast majority of its fleet
It reflected, the company said, group operating losses of €535m during the first quarter of the year - most of which were linked to BA
IAG said it expected the situation to deteriorate in the current second quarter
Its statement read: "In light of the impact of COVID-19 on current operations and the expectation that the recovery of passenger demand to 2019 levels will take several years, British Airways is formally notifying its trade unions about a proposed restructuring and redundancy program.
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"The proposals remain subject to consultation but it is likely that they will affect most of British Airways' employees and may result in the redundancy of up to 12,000 of them.
"As previously announced, British Airways has availed itself of the UK's COVID-19 job retention scheme and furloughed 22,626 employees in April."
Credit:-skynews
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