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British Airways will send home 36,000 employees

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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

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