Subscribe

feed image

Our FX reports

Adam Solomon's insight into business and corporate FX issues.
Your Questions on foreign exchange sent direct to the professionals.
The Economy News brings you the latest foreign exchange rate news.

FX Latest

INSIGHT

Insurers challenged by increased wild fire risks
With Russian wildfires grabbing the headlines, the Lloyds of London insurance market warns that...Read more...
Swiss bankers dismisses earning season hype
The Economy News presents an excerpt of an article looking into the hype that is the earning season...Read more...
Defending Woodford's Zimbabwean investment
It is lazy journalism to describe the Zimbabwean economy of 2010 as being one that is in scandalous...Read more...
Forex markets await the stress test
Mark Deans at MoneyCorp gives his morning verdict on the forex markets.Read more...
Standard Chartered warn of increased likelihood of double dip recession
Standard Chartered researchers say premature fiscal tightening could cause double dip recession....Read more...
Home Economic Fundamentals UK Economic Last chance to avert BA strike
Last chance to avert BA strike PDF Print E-mail
UK Economic
Written by Sam Coventry   
Friday, 19 March 2010 11:27
British Airways strike negotiations continue. Today offers final hope.
     


British Airways (LON:BAY) management and union leaders are meeting Friday in a last-ditch attempt to avert a three-day strike by cabin crew due to begin Saturday.

Unite union joint leader Tony Woodley says there's goodwill on both sides and he's confident a deal to resolve a dispute over pay and working conditions can be reached in time.

Unite has promised to call off the walkout by its 12,000 cabin crew members if BA puts an offer back on the table it withdrew last week. The union would then allow workers to vote on that proposal.

However, even if a last-minute deal is agreed it will be too late to reinstate some flights already canceled by the airline.

In an announcement out yesterday British Airways said it is to increase its flying schedule for the period of Unite’s strikes.

And in a new twist BA say that larger volumes of cabin crew are calling the airline to offer to work in support of the company’s contingency operation.

Following Unite’s decision to call strikes for March 20, 21 and 22, the airline published its flying schedules for the affected period on Monday, aiming to fly 60 per cent of its customers as planned.

Since Monday, the number of cabin crew offering to work as normal has increased significantly – and is expected to grow further.

"British Airways is also pleased that the number of other airlines offering their help for the strike period through charters or provision of spare seats has increased from 50 on Monday to more than 60," reads a media briefing on the matter.


Last Updated ( Friday, 19 March 2010 11:30 )