British Airways’ chief government has hinted at job cuts and says he’ll waive his wage for the following two months because the airline struggles with the Coronavirus disaster.
In a letter to all BA workers seen by Sky News, Alex Cruz says “of course job security is top of mind” and that the provider is doing “everything we can to protect as many jobs as we can”.
But he provides that the corporate is “working hand in hand with (the unions) to look at all the options including the government employment assistance scheme”.
Mr Cruz says he’s not taking a wage for the following two months as a result of “we are having to act fast to preserve funds” and it’s the “right thing for me to do”.
He continues: “We will all be making sacrifices to help protect our business, just as we are making some sacrifices in how we live our daily lives.”
In an additional trace at potential job cuts to come back, the letter says: “We know there are tough decisions ahead but British Airways will make it through with your support.”
Last week, pilots at the London Heathrow-based airline have been requested to take two weeks unpaid depart in every of the following two months.
Airlines have been hit arduous by the Coronavirus outbreak and extreme restrictions on journey imposed by governments worldwide.
British Airways has grounded 75% of its fleet, with different airways together with Virgin Atlantic Airways and EasyJet taking comparable measures.
Shares in all European carriers have plunged in current weeks as inventory markets are battered by rising fears over the financial impression of the pandemic.
The UK authorities has suggested in opposition to all non-essential journey for 30 days and the US authorities has restricted journey to and from Europe.
Transatlantic routes, particularly between London and New York, are British Airways’ most profitable market.
Chancellor Rishi Sunak has stated the federal government is engaged on a rescue deal for the airline sector.
Sky News has reported that metropolis bankers Rothschild have been drafted in by the Treasury to advise on any deal – which is expected to be finalised in the coming days.
Low price provider EasyJet has grounded virtually all of its fleet and says it’s potential that some European carriers is not going to survive the disaster.
Governments throughout Europe have imposed draconian motion restrictions on residents and the European aviation market is grinding to a halt in what’s seen as a disaster larger than that of 2008, or that following the 9/11 assaults in 2001.