British Airways looking at downsizing workforce by 15%
Europeâ€™s third largest airline company British Airways is considering cutting down on their workforce operating the airline by around 15%. The process would span a couple of years and is part of the airlineâ€™s move into a single new terminal at London’s Heathrow Airport. Reuters quoted a source as saying: “A figure has not been put on any job losses, but a 15 percent reduction of the work force is a reasonable bet.â€
The airline currently employs around 46,000 workers and is scheduled to move operations to the new Terminal 5 at Heathrow in 2008. An official company statement claimed that they are targeting a 300 million pound reduction in labor costs by March 2007 but refused to confirm how many workers they would be looking to downsize.
British Airways spokesperson said: “We have not made a secret of the fact we need to take more costs from our business. We have not ruled out more job losses but there are other ways to reduce labor costs.” Some of the targeted people for these job cuts are expected to be from their call centre and check-in staff, baggage handlers and other ground staff.
Market experts believe that the new place they are moving in is more technically advanced and they would be able to work with few people handling the stuff around.