BA axes 35% of management jobs

British Airways, Europe's third-largest airline, said it planned to cut almost 600 management jobs as part of wider plans to reduce labor costs. BA said it would cut 35 percent of its 1,715 senior and middle management staff by March 2008. Senior managers would be hit the hardest with 50 percent of their jobs to go. The cuts would save the airline 50 million pounds, contributing to a previously-announced target to reduce costs by 300 million pounds by March 2007.

BA's new Chief Executive Willie Walsh who took over the top job at BA from Rod Eddington last month, has been under pressure to further cut costs at the airline which faces high fuel prices and tough competition. Eddington cut 14,000 jobs during his five-year tenure at BA. A source told Reuters last month that Walsh was eyeing a 15 percent cut in its total workforce of 46,000 over several years.

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(2005-11-30 21:09:45 SGT) [Biz] Permalink

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