British Airways announced plans to re-structure its business with a 35 per cent reduction in the number of its 1,715 managers by March 2008.
The figure comprises a 50 per cent reduction in senior managers, from 414 jobs to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs to 911 jobs. This brings the total number of job cuts to 597.
Willie Walsh, chief executive, said: “I said when we reported our second quarter financial results last month that our costs were up in most areas and that, as a result, we need to re-energise our efforts to deliver a competitive cost base.”
