Tuesday, Jun 16, 2009
How Do I get a Mortgage on a Zero Payslip?
Mail: Struggling BA Asks 40,000 staff to Work for Nothing in Desperate Fight for Survival
"British Airways boss Willie Walsh is asking his 40,000 staff to work for nothing to save the airline. The company has written directly to its 40,000 employees asking them to volunteer for up to four weeks of unpaid work".
Posted by alan @ 10:34 AM (1177 views) Add Comment
14 Comments
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1. paul said...
Not surely same Willie Walsh who got an inflation-busting 6% pay rise to £743,000 plus £1.1m in share bonuses, surely.
(and don't call me "Shirley")
2. stillthinking said...
The difference between public sector and private is becoming starker.
3. ted the red said...
I understand that in contract law consideration has to pass from one party to another or there is not a valid contract.
So they could do anything they want whilst on duty in their salary free month because the disciplinary clauses would be unenforceable!
4. happy mondays said...
@ 3, Like a mass mile high club orgy...I'm booking a flight..
5. matt_the_hat said...
The race to the bottom has begun, I'm going to open a chain of work houses, my slogan - "AT LEAST YOU GET FED (nearly) EVERYDAY!"
6. icarus said...
A lot of BA employees would volunteer to do a month's unpaid work if they got £61 grand a month for the other 11 months.
7. japanese uncle said...
Didn't I say this two years ago?
Anyway CEO and other highly paid execs must refund their bonus since they joined the company on retroactive basis, as the vital prerequisite to ask their employees to work for nothing. Common sense. This is the worst shameless proposition I have heard in decades. And this will be the beginning of the wage-cost spiral race to the bottom, causing the severest deflation this economy has ever seen, despite higher IR caused by the higher borrowing cost of the UK government. Anyone in debt must do everything to come clean of the debt ASAP. Borrowing money and thus buying house in this climate is something only an idiot would do.
8. crash n burn said...
So what?! Let the company burn. They weren't any good in the first place. Worst of all they code share with Iberia. I'd rather eat my own arm than fly with Iberia every again.
9. mr g said...
Might be worth trying this in the public sector?
10. george monsoon said...
I think I might actually take my first step into dabbling with shares and buy a few virgin airways shares... they must be in pole position to takeover BA..
11. contrails are not a conspiracy (formerly npnh) said...
"This is the worst shameless proposition I have heard in decades. And this will be the beginning of the wage-cost spiral race to the bottom, causing the severest deflation this economy has ever seen"
Either that or this is just the beginning of the end for BA.
£65k per month + T5 debacle / low paid workers working for free = New CEO
12. mander said...
unpaid work? why can't we do QE as well? only the housing market to benefit?
13. shipbuilder said...
What better for the government of the day and their business buddies for the public to actively encourage pay cuts for their fellow citizens?
14. jack c said...
Anyone agreeing to the company proposal needs to understand that they would actually be working for less than nothing - in commercial terms running at a loss (BA seem good at this) as it generally costs every employee money to get to and from work. Perhaps BA can also organise a collection from employees to help with the reduction of the deficit on the pension fund !