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British Airways: shares to pilots in exchange for salary cut
London, UK - Deal reached between the carrier and the BALPA union
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British Airways reached an agreement with the BALPA union, representing almost all of the carrier's airline pilots, that includes that they would get shares in exchange for a salary cut. This measure is expected to save up to £26 million for the airline. However, within the agreement 78 pilots will have to lose their jobs. "The pay and productivity package - said a spokesman for the airline - will...
AVIONEWS - World Aeronautical Press Agency - 1106024
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency