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05/02/2002
BA declines to confirm further job loss rumours
British Airways has yet to confirm reports that a further 15,000 workers are to be made redundant after the company revealed it suffered its worst ever profit performance during the last three months of 2001.
Reporting a pre-tax loss of £160 million on Monday, February 4, the results stand in contrast to a pre-tax profit of £65 million for the same period last year.
While the figures proved better than had been expected, BA's chief executive Rod Eddington, warmed: "We have made real progress in managing our costs but British Airways still faces a number of considerable challenges some of which were apparent before the terrorist attacks on the USA".
Speaking on Tuesday February 5, a spokesperson for the airline stated that senior management were considering a variety of cost-cutting options as part of a new review process – one of which being further redundancies at the firm, which has already let go over 7,000 employees over the past few months.
However, the spokesperson would not comment any further on what direction the review - entitled the 'Future Size and Shape' plan – was taking, nor would they confirm reports that redundancy notices have already been drawn up by BA for imminent release, as suggested by the BBC. (CL)
Reporting a pre-tax loss of £160 million on Monday, February 4, the results stand in contrast to a pre-tax profit of £65 million for the same period last year.
While the figures proved better than had been expected, BA's chief executive Rod Eddington, warmed: "We have made real progress in managing our costs but British Airways still faces a number of considerable challenges some of which were apparent before the terrorist attacks on the USA".
Speaking on Tuesday February 5, a spokesperson for the airline stated that senior management were considering a variety of cost-cutting options as part of a new review process – one of which being further redundancies at the firm, which has already let go over 7,000 employees over the past few months.
However, the spokesperson would not comment any further on what direction the review - entitled the 'Future Size and Shape' plan – was taking, nor would they confirm reports that redundancy notices have already been drawn up by BA for imminent release, as suggested by the BBC. (CL)
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13 May 2005
BA reports full-year profits jump by 80%
British Airways has announced a pre-tax profit of £415 million, an 80% jump in profits on the previous full year. But the company's strong performance was marred by a pre-tax profit in the fourth quarter of £5 million which was down on £45 million profit for the period in 2004.
BA reports full-year profits jump by 80%
British Airways has announced a pre-tax profit of £415 million, an 80% jump in profits on the previous full year. But the company's strong performance was marred by a pre-tax profit in the fourth quarter of £5 million which was down on £45 million profit for the period in 2004.
21 January 2003
Logica announce over 300 jobs losses
Troubled telecommunications firm Logica, which recently merged with CMG, has announced that around 315 workers are to be made redundant in the next few weeks. A spokesperson for the company confirmed that talks were underway on the redundancy packages for the employees affected by the cuts at the firms bases in Cork and Dublin.
Logica announce over 300 jobs losses
Troubled telecommunications firm Logica, which recently merged with CMG, has announced that around 315 workers are to be made redundant in the next few weeks. A spokesperson for the company confirmed that talks were underway on the redundancy packages for the employees affected by the cuts at the firms bases in Cork and Dublin.
10 November 2003
BA's quarterly pre-tax profits slip to £105m
British Airways has today announced a pre-tax profit of £105 million for the three months ended September 30 – down £140 million on last year's mark. As yields in the second quarter dipped 5.9% (down from plus 1.
BA's quarterly pre-tax profits slip to £105m
British Airways has today announced a pre-tax profit of £105 million for the three months ended September 30 – down £140 million on last year's mark. As yields in the second quarter dipped 5.9% (down from plus 1.
04 February 2002
Latest quarterly results from BA better than expected
The latest quarterly figures unveiled from troubled airline British Airways show a pre-tax loss of £160 million. The third quarter pre-tax losses published on Monday February 4, for the three months to December 31, 2001 of £160 million compare against a pre-tax profit of £65 million for the same period last year.
Latest quarterly results from BA better than expected
The latest quarterly figures unveiled from troubled airline British Airways show a pre-tax loss of £160 million. The third quarter pre-tax losses published on Monday February 4, for the three months to December 31, 2001 of £160 million compare against a pre-tax profit of £65 million for the same period last year.
03 March 2011
Could Water Charges Halt Job Losses?
The implementation of water charges has again been suggested as a possible solution to continued job cuts across NI as the employment market was again in the news this week.
Could Water Charges Halt Job Losses?
The implementation of water charges has again been suggested as a possible solution to continued job cuts across NI as the employment market was again in the news this week.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
