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Saturday, July 4, 2009

7,000 British Airways Staff Volunteer For Pay Reductions
Story from the Mirror UK

Almost 7,000 British Airways staff have applied for voluntary pay cuts, including 800 who said they will work unpaid for up to a month, the airline announced today.

Of the 40,000-strong workforce, 6,940 employees had volunteered for unpaid leave, part-time working or unpaid work by June 24, which the company said will save up to £10 million.

Chief executive Willie Walsh, who has already announced that he will work unpaid for the month of July, said: "This is a fantastic first response. I want to thank everyone who has volunteered to help us pull through this difficult period.

"This response clearly shows the significant difference individuals can make."

Options offered to staff included volunteering for between one and four weeks' unpaid leave or unpaid work, with the pay deduction spread over three or six months.