Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
International Aviation Group (IAG), the parent company of British Airways (BA), has announced plans to cut 12,000 jobs and initiated redundancy consultations with trade unions. The proposed cuts would reduce BA’s workforce by 30 per cent and affect pilots, cabin crew and engineering staff.
BA’s chief executive has claimed that it will take years before demand for passenger travel recovers from the effects of the coronavirus crisis and said that the company must take action now. The management also announced that the restructuring would include the renegotiation of terms and conditions of employment for the remaining staff.
The trade unions GMB and Unite have decided not to engage in the negotiations, and Unite argues that the proposed consultation is unlawful. Balpa, the pilot’s union is negotiating with the management - its general secretary said that they reject the changes proposed by the company.
IAG also owns the Spanish airline Iberia and Ireland's Aer Lingus.
Eurofound (2020), British Airways, Internal restructuring in United Kingdom, factsheet number 100942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100942.