British Airways will make up to 12,000 workers redundant as owners IAG say it will take airline years to recover from coronavirus crisis
- Madrid-based IAG announces thousands of BA workers will lose their jobs
- News of redundancies comes weeks after owners aced £300mn payout scheme
- British Airways previously axed all flights in and out of Gatwick and London City
- Here’s how to help people impacted by Covid-19
Thousands of British Airways workers look set to lose their jobs as its owners IAG announce redundancies on Tuesday afternoon.
Airline companies have been struggling to run as the coronavirus lockdown grounds planes around the world.
News that thousands of people will lose their jobs comes weeks after the airline company’s Spanish owners axed a controversial £300million payout to shareholders as staff accused them of running the airline into the ground by furloughing 36,000 of its 45,000-strong workforce.
Madrid-based International Airlines Group proposed a dividend of around 17p per share in February, when the ravages of the killer virus on society and the global economy were already apparent.
British Airways’ owners will make up to 12,000 staff redundant as airline company’s struggle to cope with a drop in demand due to the coronavirus pandemic
But chief financial officer Stephen Gunning said the cash would instead be used to keep the company going through the virus crisis.
One former manager in BA’s finance team told MailOnline today: ‘Don’t blame the virus. This company has been mismanaged for years. IAG have simply sucked the life out of it’.