British Airways has agreed a deal with unions to slash costs that will lead to the furlough of more than 30,000 workers as the airline battles the worst crisis in its history.
The move comes as BA’s parent group IAG on Thursday announced plans to ground about 90 per cent of its fleet in April and May and cancelled its proposed 2019 final dividend, worth €337m, because of the coronavirus pandemic.
Under the deal agreed with the Unite and GMB unions, BA is offering affected cabin crew and ground-based staff a modified version of the government’s job retention scheme, where employees are temporarily laid off on 80 per cent of pay.
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