Word: walsh
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After posting a record $611.9 million loss in May, British Airways is asking its 40,000 employees to volunteer for one to four weeks of unpaid work. Chief executive Willie Walsh--who has agreed to go without a salary in July--called the request part of a "fight for survival." It could be worse. At least BA's pilots aren't being asked to handle luggage, as those of Dutch airline KLM were in early June...
...employees to consider laboring for nothing for up to one month. "Colleagues are being urged to help the airline's cash-saving drive by signing up for unpaid leave or unpaid work," read an article in BA News, the carrier's in-house newspaper. Chief executive Willie Walsh, who has pledged to forgo his $100,000 monthly salary in July, said the airline was caught in a "fight for survival...
...months, from salary cuts to mandatory unpaid leaves. But BA is going further. Volunteers can sacrifice between a week and one month's worth of salary, or else spread the pain by taking a reduced salary for three to six months. Union officials have scoffed at the proposal. "Willie Walsh can afford to work a month for free," says a spokesman for Unite, BA's biggest union. "Our members can't." (See pictures of London's Heathrow Airport...
...Walsh, though, can't afford to do nothing. Tumbling passenger numbers and a soaring fuel bill pushed BA to a pretax loss of $656 million in the 12 months leading to last April. The year before, BA made $1.5 billion. "The prolonged nature of the global downturn makes this the hardest trading environment we have ever faced," Walsh said as the results were announced in May, "with no immediate improvement visible...
...protect the rights of fools to express their misguided opinions. The majority of Australians have an innate tendency not to remain silent when the acts of the few impact on the rights of the many. I prefer to think that this is what makes Australia worth celebrating. Kelvin Walsh, Springwood, Australia