Naviga in burrasca British Airways e va verso 4000 licenziamenti


M

Mikkio

Utente Registrato
16 Gennaio 2009
3,783
58
Londra, Regno Unito - Dichiarazioni preoccupanti dell'ad Willie Walsh
(WAPA) - L'agenzia "Bloomberg" scrive che oggi a Londra, a margine dell'assemblea annuale degli azionisti di British Airways, l'amministratore delegato del vettore, Willie Walsh, ha dichiarato: "E' inutile girare intorno al problema. E' necessaria una ristrutturazione radicale della nostra forza lavoro. Questa ristrutturazione è essenziale per la nostra sopravvivenza nel breve termine, e ancora più importante per continuare ad operare nel lungo termine". Uno dei provvedimenti che si prospettano secondo Walsh è il portare avanti il piano di tagli salariali e di licenziamenti, per cui si troverebbero a rischio almeno 4000 posti di lavoro.

Tra gli altri provvedimenti il piazzamento di azioni convertibili sul mercato, per un aumento di capitale. Da escludere invece un piazzamento di azioni, ha precisato Martin Broughton, presidente della compagnia, a causa dei tempi stretti: "La società deve risolvere diverse questioni nei prossimi 12 mesi".

(Avionews)
 
BA looks to raise fresh capital

By Kevin Done, Aerospace Correspondent
Published: July 14 2009 18:52 | Last updated: July 14 2009 18:52

British Airways is being forced to raise fresh capital to shore up its shrinking cash resources.
Martin Broughton, BA chairman, told shareholders on Tuesday that the struggling airline had ruled out a rights issue for the next year but was discussing with leading institutional investors other ways of raising liquidity, most probably through a convertible bond issue.
The UK flag carrier is the latest of a growing list of leading international carriers to seek to raise funds to strengthen balance sheets, that have been hit by mounting losses and the impact of the recession on demand for air travel, in particular from the most lucrative premium travellers.
In recent weeks Air France-KLM has raised €661m through a six-year convertible bond issue with a coupon of 4.97 per cent, while Lufthansa raised €750m through a seven-year bond with a coupon of 6.5 per cent, its second bond issue of the year.
Some airlines such as Qantas and All Nippon Airways have raised fresh equity, but Mr Broughton said “we do not believe the timing is right to approach the financial markets for a rights issue, as there are a number of key issues that need to be resolved over the next 12 months.”
BA is locked in tough negotiations with its main trade unions representing cabin crew, check-in and ground services staff as it seeks to implement a package of tough cost cutting measures including axing more than 3,700 jobs.
Tuesday’s annual meeting was picketed by a small number of protesting BA workers, and several cabin crew shareholders attacked management plans inside the meeting for cutting manning levels on long-haul aircraft, which they claimed would undermine premium service levels, a strong part of the BA brand.
Mr Broughton told the BA annual meeting the group was “in the biggest crisis the aviation industry has ever known, and it continues”.
He warned that the group’s pension fund deficit, estimated by trustees at £1.74bn last September, had probably worsened by at least £1.2bn.
The triennial actuarial valuation will be completed in the autumn and is expected to trigger tough negotiations with the pension fund trustees on how the deficit can be reduced.
Mr Broughton said “the deficits remain huge -–and in the current climate the company will not be able to afford to increase its own contribution.”
He said the group was exploring with institutional investors “opportunities in the convertible market, which we believe is the best way of increasing our cash reserves.”
One leading aviation analyst in London said a BA convertible bond issue was likely to be pitched in the range of £300m-£400m.
“This is to ensure a cash safety margin. There is not a hole yet, but if you think there could be a hole and the credit markets are open, then you try and fill it. BA is the stand-out in not having raised funds so far this year.”
Willie Walsh, BA chief executive, said the group still expected to have cash resources of more than £1bn by March 2010, down from £1.38bn at end of March 2009.
The airline announced further emergency measures earlier this month aimed at conserving cash and staunching mounting losses including further reducing capacity, slowing capital investment and deferring deliveries of new aircraft.
The BA share price closed 1.5p or 1.2 per cent higher on Tuesday at 128.1p.

Copyright The Financial Times Limited 2009
 
Mah, misteri,
Comunque fino all'anno scorso chi andava a NY (giovani) volava o BA o KL. Quest'anno invece la MXP-JFK la fa da padrona con i vari operatori.
Solo con questo fatto parecchi voli BA non saranno più pieni come una volta.
 
Mamma mia ragazzi ma che panorama nero... ma possibile che non si veda un pò di luce da nessuna parte!!!!!
4000 posti di lavoro vi rendete conto che significa?? Ma questi cristi dove cavolo vanno?...........
 
filipporandazzo ha detto:
Mamma mia ragazzi ma che panorama nero... ma possibile che non si veda un pò di luce da nessuna parte!!!!!
4000 posti di lavoro vi rendete conto che significa?? Ma questi cristi dove cavolo vanno?...........
Clicca per espandere...

Se sono naviganti, la Scuola BA ti apre le porte di tante altre compagnie (anche basate a LHR)...e non credo ci siano altri problemi anche per i dipendenti di terra....
 
è una notizia che gira da parecchio, non solo su organi ufficiali, su twitter è da settimane che ci sono voci ben peggiori di questa dei 4000 licenziamenti
 
billypaul ha detto:
Se sono naviganti, la Scuola BA ti apre le porte di tante altre compagnie (anche basate a LHR)...e non credo ci siano altri problemi anche per i dipendenti di terra....
Clicca per espandere...

Mi auguro per loro che la tua visione sia corretta...io purtroppo sono un pò pessimista dato che sto vivendo la disoccupazione e mi rendo conto di quanto sia difficile...
 
Qui in Italia se facessero una cosa del genere sarebbe un scandalo ! Con quei sindacati del cavolo ! Fanno più male che bene !
Ma è vero che si era optato per i piloti di farsi decurtare lo stipendio per alcuni mesi, salvando così questi 4000 colleghi ?
 
BA fears 'permanent' fall in premium demand, surging pension deficit

Wednesday July 15, 2009

British Airways CEO Willie Walsh continued to maintain yesterday that the carrier is in a "fight for survival" and that "just hoping for old high-roller times to return is the road to oblivion" at the company's annual shareholders meeting in London.
"There is no point trying to skirt around the fact that we need a fundamental and structural change to our employee cost base. These changes are essential to our short-term survival and more importantly to our long-term viability," he said. BA is in talks with unions to reduce its about 40,000-strong workforce by some 3,700 employees.
Chairman Martin Broughton said the continuous fall in premium demand is "extremely grave news for major full-service airlines" and cautioned that the premium market may never recover fully. "There is evidence that business customers no longer place the same value on the levels of flexibility offered in the highest fare categories. This represents permanent structural change in the market and poses a fundamental challenge to our traditional business model," he said.
Broughton admitted that BA has been "frustrated at the slow progress" of merger talks with Iberia. "We are hopeful that the management changes at the top of Iberia announced last week will provide an impetus to discussions," he said. IB Chairman and CEO Fernando Conte announced his resignation last week. He will be succeeded by former IB board member Antonio Vazquez Romero. Walsh told reporters yesterday that he would not accept less than a 53% share of the merged company, Reuters reported.
Regarding BA's pension deficit, one of the obstacles in negotiations with Iberia, Broughton confirmed it is "likely" to have increased by at least £1.2 billion ($1.94 billion) in the fiscal year ended March 31. Last September the deficit amounted to £240 million in its Airways Pension Scheme and to £1.5 billion in its New Airways Pension Scheme. "In the current climate the company will not be able to afford to increase its own contribution. To make up the shortfall, the company and trustees will need to agree a revised funding plan after the actuarial review is completed," he said.
BA has cash equal to more than 15% of revenue, but an extended slowdown "would be stretching," Broughton reckoned. He said a rights issue had been discounted, "as there are a number of key issues that need to be resolved over the next 12 months," and that BA is in discussions "with our institutional investors exploring opportunities in the convertible market, which we believe is the best way of increasing our cash reserves."

by Cathy Buyck
ATWOnline
 
La questione pensionistica era stata uno dei punti chiave anche nelle trattative con IB, un po' come accadde ai tempi di AF e KLM, o sbaglio?
 
Devi accedere o registrarti per rispondere qui.


Top Bottom