DUBAI – British Airways (BA) has announced it will lay off 12,000 people as its flights remained grounded amid the Covid-19 pandemic.
Parent company International Airlines Group (IAG) said the airline with 45,000 employees is “formally notifying its trade unions about a proposed restructuring and redundancy program”.
IAG said the job cuts will likely “affect most of British Airways’ employees and may result in the redundancy of up to 12,000 of them”.
IAG said it expects BA’s situation to worsen amid the coronavirus pandemic, saying that the recovery of passenger demand to match 2019 levels “will take several years”.
IAG suffered operating losses of €535 million (nearly $580 million) this year, mainly due to the effects of Covid-19 on BA flight demand.
BAchief executive Alex Cruz, in a letter to employees, said the “outlook for the aviation industry has worsened further”.
“There is no Government bailout standing by for BA and we cannot expect the taxpayer to offset salaries indefinitely,” Cruz said.
“We do not know when countries will reopen their borders or when the lockdowns will lift, and so we have to reimagine and reshape our airline and create a new future for our people, our customers and the destinations we serve,” he added. ICA/Expat Media
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