Friday, September 12, 2008
Fasten Seat Belts? Please
British Airways Plc, Europe's third-largest carrier, will offer incentives to quit to as many as 2,000 managers as it seeks to slash the wage bill amid an economic slowdown and higher fuel costs. About 300 managers are expected to accept the terms, Chief Executive Officer Willie Walsh said today in a Bloomberg Television interview. Walsh said he is ``accelerating'' job eliminations planned by March and will require managers to decide by Dec. 31. Severance packages will be offered to managers including senior executives, Michael Johnson, a spokesman for the London-based carrier, said today.