Workers at Bmi face the possibility of redundancy with the sale of the airline to IAG.
Willie Walsh, IAG’s CEO, said that given the scale of Bmi’s losses, there is an “urgent” need to restructure the business.
“Unfortunately, this will mean some job losses but we will secure a significant number of high quality jobs here in the UK and create similar new jobs in the future,” he said.
“There will be restructuring costs spread over three years but these will be significantly lower in total than bmi's current annual losses.”
According to Walsh, the purchase of Bmi by British Airways’ parent company IAG will protect more British jobs than if the airline had been closed and had its Heathrow slots sold off.