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The coronavirus pandemic has hardly hit business of British Airlines. The parent company of the carrier has announced that British Airways will cut up to 12,000 jobs.
According to International Airlines Group (IAG), in order to align operations with a low demand for air travel, British Airways needs to implement “restructuring and redundancy programme“.
“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”, said IAG in a statement.
“Our very limited flying schedule means that revenues are not coming into our business. We are taking every possible action to conserve cash, which will help us to weather the storm in the short-term.
We are working closely with partners and suppliers to discuss repayment terms; we are re-negotiating contracts where possible; and we are considering all the options for our current and future aircraft fleet. All of these actions alone are not enough”, explained Alex Cruz, Chairman and CEO at British Airways, in a letter to colleagues.
Also, he added that “there is no Government bailout standing by for BA and we cannot expect the taxpayer to offset salaries indefinitely”.