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| British Airways to cut 1,700 jobs | British Airways to cut 1,700 jobs |
| (11 minutes later) | |
| British Airways has announced that is to cut 1,700 jobs and introduce a two-year pay freeze for cabin crew as it looks to cut costs during the downturn. | British Airways has announced that is to cut 1,700 jobs and introduce a two-year pay freeze for cabin crew as it looks to cut costs during the downturn. |
| It also announced that it would press ahead with plans to recruit new staff on different terms and conditions to current employees. | It also announced that it would press ahead with plans to recruit new staff on different terms and conditions to current employees. |
| The airline is losing money and expects to make a big loss for the second consecutive year. | The airline is losing money and expects to make a big loss for the second consecutive year. |
| Global airlines are struggling with a fall in passenger numbers. | Global airlines are struggling with a fall in passenger numbers. |
| 'Ensuring survival' | |
| "Revenues are down, so we must reduce costs and restore profitability," BA said. | "Revenues are down, so we must reduce costs and restore profitability," BA said. |
| "Thousands of staff across the airline have already made contributions to the cost reduction programme." | "Thousands of staff across the airline have already made contributions to the cost reduction programme." |
| The airline said the job cuts would involve 1,000 cabin crew taking voluntary redundancy and a further 3,000 choosing to go part-time, and would take effect from the end of November. | |
| "Without changes, we will continue to lose more money with every month that passes. It is essential we make ourselves more efficient if we are to ensure our long-term survival," BA said. | |
| The Unite union criticised the cuts and warned BA staff in an email that "you can rest assured it won't be the last [job cuts]." | |
| Record loss | |
| The airline has been in negotiations with unions about the best way to cut staff costs. | The airline has been in negotiations with unions about the best way to cut staff costs. |
| This summer, it asked employees to volunteer to work for free for one month, to take unpaid leave or to work part-time. | This summer, it asked employees to volunteer to work for free for one month, to take unpaid leave or to work part-time. |
| It has also scrapped sandwiches on short-haul flights and is introducing charges on pre-booked seats. | It has also scrapped sandwiches on short-haul flights and is introducing charges on pre-booked seats. |
| In the year to the end of March, BA made a loss of £401m - its biggest loss since it was privatised in 1987. | |
| Earlier this month, the International Air Transport Association (Iata) increased its forecast for losses across the whole industry to $11bn (£6.9bn). |