Link to the article: Channel 4 News
By John Sparks
Pilots at British Airways may be on the verge of striking a deal to accept a pay cut in exchange for taking shares in the company.
Channel 4 News understands the highly unusual trade-off could be unveiled shortly, as BA is negotiating a series of money saving measures with its unions.
The airline says it is in a "fight for survival" and asked staff today to agree to work for nothing, voluntarily giving up their wages for up to a month.
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Business Resources
Blog Archive
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2009
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June
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- The fastest economic drop since 1958
- Madoff gets 150 years
- Vodafone to bid for T-Mobile?
- Steel giant Corus cuts 2,000 jobs
- 800 British Airways staff to work unpaid
- Even greater wall of China
- Setanta Sports goes off air
- Total sacks 900 oil workers
- Apple vs Nokia: the smartphone battle
- Unemployment hits 13-year high
- BA pilots to exchange pay for shares
- Inflation down – but by less than forecast
- Digital Britain ‘to speed UK recovery’
- Media waits for digital report
- The downside to recession recovery
- Sugar called to the boardroom
- Are Labour's troubles going postal?
- Wheels finally come off General Motors
- Wind farm on the ranch
- GM bankruptcy 'will hit Vauxhall'
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June
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