Thursday, 12 April 2012

BA takeover of BMI to result in 1200 job losses

British Airways is proposing to cut 1200 jobs at BMI as it looks to steamline operations with BA at Heathrow. The proposed move has come at a time when BA has said that BMi is currently losing £3m per week and without their acquisitions its entire workforce of 2,700 would be under threat of redundancy.

BA are suggesting that of the 2,700 currently employed, the company would need to shrink to 1,500 staff with those affected likely to be its staff at BMI's head office in Castle Donnington along with other employees at regional airports.

Commenting of the proposals Keith Williams, British Airways' chief executive said “bmi is heavily loss making and is not a viable business as it stands today. Our proposals would secure around 1,500 jobs that would otherwise have been lost.

"As we look to restructure the business and restore profitability, job losses are deeply regrettable but inevitable. We will work with the unions to explore as many options as possible and are already working with industry partners."

Sad for BMI, but probably true.

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