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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
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