British Airways expected to suspend 36,000 staff

April 2, 2020
London: British Airways (BA) is expected to announce the suspension of around 36,000 staff members after the UK flag carrier grounded much of its fleet due to the coronavirus pandemic, it was reported on Thursday.

Thursday’s development comes after the airline has been negotiating with the Unite union for more than a week, a BBC report said, adding that the two sides have reached a broad deal but were yet to sign on some details.

The agreement means that up to 80 per cent of BA cabin crew, ground staff, engineers and those working at head office will have their jobs suspended but no staff are expected to be made redundant.

The decision will affect all staff at Gatwick and London City Airport after the airline suspended its operations at both locations until the crisis was over.

Those affected were expected to receive some of their wages through the government’s coronavirus job retention scheme, which covers 80 per cent of someone’s salary capped at a maximum of 2,500 pounds a month.

Meanwhile, many staff at Virgin Atlantic have already had their jobs suspended for two months and crews at Easyjet were out of work for three months.

This week, British Airways has run government repatriation flights to get hundreds of UK nationals home from Peru, after the country went into a lockdown.

The UK has reported 29,865 confirmed coronavirus cases and 2,357 fatalities. IANS

TCS row: Infosys dismisses social media allegations over harassment at Pune facility

New Delhi: Amid the ongoing workplace harassment probe at TCS Nashik, IT bellwether Infosys has dismissed social media allegations of workplace harassment at its Business Process Management (BPM) facility in...

Gold ETFs AUM triples to Rs 1.7 lakh crore in March amid geopolitical tensions

New Delhi: Physical gold may have taken the lead, but the precious metal has also surged in the digital space, with gold exchange-traded funds (ETFs) emerging as a favourite among...

Crude oil trade 3 pc lower on hopes of fresh US-Iran talks

Mumbai: International crude oil prices on Tuesday pared their gains, falling up to 3 per cent on hopes of renewed US-Iran dialogue to end the conflict, which helped ease concerns...

Gold, silver trade lower as US Hormuz blockade rattles markets

Mumbai: Gold and silver prices on Monday traded under pressure, with the precious metals witnessing a decline of up to 2 per cent after the US announced a blockade of...

Indian stock market in positive territory, overall sentiment remains balanced

Mumbai: The Indian stock markets witnessed a strong rebound last week after six consecutive weeks of decline, supported by favourable global cues, according to analysts. Sentiment remained buoyant amid optimism...

Gold gains for third consecutive week amid dollar weakness

New Delhi: Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and...

NSE cautions traders, investors against unauthorised stock tips on digital platforms

Mumbai: The National Stock Exchange of India Limited (NSE) on Friday cautioned investors and traders against dealing with unauthorised individuals offering stock market tips and assured returns, flagging cases involving...

Conflicts in Middle East could reshape global economy, says World Bank chief Ajay Banga

Washington: Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president Ajay Banga warning that prolonged conflict could dampen growth, fuel inflation and strain vulnerable economies....

UK Court orders SpiceJet to pay $8 million to lessor in fresh financial blow

New Delhi: A UK court has ordered SpiceJet to pay around $8 million to an aircraft engine lessor in a fresh blow to the cash-strapped carrier. In a ruling, London’s...

Sensex, Nifty trade lower amid fresh geopolitical tensions

Mumbai: The Indian equity markets opened on a cautious note on Thursday after witnessing a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical...

Gold, silver trade up to 2 pc lower despite geopolitical tensions

Mumbai: Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon’s Hezbollah. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell...

RBI raises India’s real GDP growth to 7.6 pc for FY26, pegs FY27 at 6.9 pc

New Delhi: The Reserve Bank of India (RBI) on Wednesday estimated India’s real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks...

Read Previous

Our smiles maybe fake but we are not: Kohli

Read Next

Moody’s changes outlook for Indian banking to ‘negative’

WP2Social Auto Publish Powered By : XYZScripts.com