KUALA LUMPUR – British Airways Plc Chief Executive Willie Walsh is showing solidarity with his staff in planning to work without pay next month as part of cost cuts, but the move may not have gone down so well with his wife.
‘She read about it in the papers,’ a grinning Walsh told Reuters at a lunch for airline executives gathering in the Malaysian capital.
Walsh, whose normal salary is 735 000 pounds (about N$9 million) a year, will work for nothing in July as part of a cost-cutting drive under which 2,500 staff have left the airline in the past year. The airline unveiled record losses last month.
Many airlines have cut jobs as the industry has been battered by a global downturn that has hit demand for travel and air freight.
– Nampa-Reuters
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
