1 November 2022, London Marriott Hotel County Hall
21 November 2022, Hilton London Metropole
12 December 2022, etc.venues Monument, London
BRITISH AIRWAYS is to re-structure its business with a 35% reduction in the number of its 1,715 managers by March 2008. Phase one will see 94 of the top executives (23%) leave the business by 31 March 2006. The actual figures comprise a 50% reduction in senior managers, from 414 jobs to 207, and a proposed 30% in middle managers from 1,301 jobs to 911 jobs. This brings the total number of job cuts to 597. Willie Walsh (left), the new chief executive, made his objectives very clear in a short statement. ”I said when we reported our second quarter financial results last month that our costs were up in most areas and that, as a result, we need to re-energise our efforts to deliver a competitive cost base. We must lower our costs so that we can fund future investment in our business. Today marks the start of a renewed effort to deliver our goal of a 10% operating margin”.