Stock market quotes, forex, financial news, forex tools –

British Airways will send home 36,000 employees

 Breaking News
  • Boeing announced the start of massive layoffs The Boeing Company has no choice but to take drastic measures. The world’s largest manufacturer of space and aviation equipment is forced to reduce the number of staff by 13...
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
British Airways will send home 36,000 employees
April 02
13:00 2020

The British company British Airways has agreed with the trade union that 36 thousand workers will stay home for some period of time. 

It was possible to agree that no one would be dismissed, people will be sent home on special conditions. It is estimated that approximately 80% of engineers, office staff, crew members and ground technical personnel will stay at home. During an involuntary quarantine and right up to the end of the crisis, these employees will receive part of their salary. The scheme was approved by the government the amount of payments should be equal to 80% of the salary but cannot exceed 2500 pounds per month.

So far, neither British Airways nor EasyJet has contacted the government for financial support. But Virgin Atlantic management has requested assistance. Official London is firm in its position – first, the companies must completely exploit their own reserves, and only after that they can count on taxpayer money.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment