BA says company will be completely restructured - Heathrow Airport News

Airport news for Heathrow on 08/01/2009.

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The chief financial officer of British Airways, Keith Williams, made the announcement to the company’s employees in a statement published in the latest staff newspaper.

"Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," he noted.

Recently, the airline’s ranks have been reduced by 480 managers who took advantage of the voluntary redundancy scheme that had been offer to 1,400 management-level staff. Most of these employees left BA at the end of last month.

A spokesman for the airline said that other ways of reducing costs and improving efficiency were under consideration as the carrier prepares to meet the industry challenges anticipated in 2009.

"The previous year has been tough and the year ahead could be even tougher," the spokesman added.

At a London financial press briefing on Wednesday, Willie Walsh, the BA boss, commented that he expected regulators to approve the tie-up with American Airlines, and that it could possibly occur prior to the preparation of the next winter timetable.

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