BA pilots facing a 50% cut in wages
PILOTS face a 50 per cent pay cut in April and May as British Airways fights to survive the pandemic.
BA’s agreement with pilots union Balpa came as three in 10 firms could be forced to make redundancies, according to research.
The carrier’s 4,500 pilots will take two weeks of unpaid leave in both April and May.
Balpa and BA’s deal aims to address “the immediate threat to the business in the face of Covid-19 and the unprecedented impact this is having on the airline”, said a letter sent to staff. It added: “We are committed to finding solutions and will focus any future discussions on exploring and exhausting all voluntary measures.”
One in five (18 per cent) of small businesses polled had already lost business worth £15,000 in the past two weeks because of Covid-19, said insight agency 3Gem.
Almost half (42 per cent) have had to put projects on hold, while more than a third (35 per cent) said they were unable to carry on as usual.
Another 23 per cent said more needed to be done to avoid staff cuts.
British Airways in fight to survive