i don't know why BA doesn't wind itself up and start again without Unite interference

stueyhants

JasonLVC wrote: »

I thought the same thing as White Horse this morning, why not just wind up with a pre-pack agreement, buy everything back without the debts and the baggage (pardon the pun) and start again afresh.

You'd also get rid of the pension liabilities which are huge.

RabbitMad

kabayiri wrote: »

On the radio yesterday, BA were hoping to have 60% of their customers flying at the weekend.

I don't know about you, but if I pay BA ticket prices, I want 100% of me to be flying.

Please delete your post - we don't want Michael O'Leary to get any ideas.

Eskimo12345

The_White_Horse wrote: »

http://news.bbc.co.uk/1/hi/8346292.stm

Thanx for the link... and bloody hell, £29.9k pa, average salary seems very high for a glorified waitress. Wonder how much that figure compares to other jobs.

MissMoneypenny

Watch BA shares drop before your eyes
http://investing.thisismoney.co.uk/companyresearch/10015/British_Airways/company_research.html

michaels

My BA shares have done quite nicely thank you since I bouhgt at 1.20 last year

Consiparacy Theory (hence the Asheron style exclamation mark):
The curent Labour 'difficulties' with this dispute are actually deliberate in that it is giving Labour a chance to denounce the unions over an unpopular with the public strike - I would have thought that was exactly what the Labour spinster 'doctor' would have ordered at this stage of the campaign. It is almost such a 'ball in to open goal' situation that you could almost beleive it was choreographed on purpose.

Will the union Labour bank rollers be upset by their bought and paid for administration's lack of support? Not a bit of it - no doubt a deal has been done over a nice piece of union friendly legislation or some such.

MissMoneypenny wrote: »

Watch BA shares drop before your eyes
http://investing.thisismoney.co.uk/companyresearch/10015/British_Airways/company_research.html

chucky

MissMoneypenny wrote: »

Watch BA shares drop before your eyes
http://investing.thisismoney.co.uk/companyresearch/10015/British_Airways/company_research.html

the strike issue has been around since July last year when the share price was around 120p. once it got resolved initially it hit the 200ish mark and has risen more recently to the 240-250 range. so it's valuation is double last July's valuation.

is it overpriced or has everything already been factored in by the markets?
http://uk.finance.yahoo.com/q/bc?s=BAY.L&t=2y

ses6jwg

All this industrial dispute is already priced in IMO.

Still a terrible company though. Flying dinosaur with a pension deficit and ridiculously unionised workforce around its neck.

JayScottGreenspan

Employ them through a string of wholly owned subsidiaries and outsource the work to them. If the unions get too cheeky just wind up one of the subsidiaries.

Bang! And the socialism is gone.

lemonjelly

Daft idea.
It is a statutory right of any employee in the UK to engage in union activity.
It is an automatic unfair dismissal for being sacked for engaging in union activity.
There is no limit of the compensation levels for dismissal for a breach of a statutory employment right.

So, lets think the proposal through. Refuse all employees the right to join a union (ie exercise a statutory right), then dismiss them for it (automatic unfair dismissal)

Way to bankrupt a company in 1 foul swoop!

JayScottGreenspan

lemonjelly wrote: »

Daft idea.
It is a statutory right of any employee in the UK to engage in union activity.
It is an automatic unfair dismissal for being sacked for engaging in union activity.
There is no limit of the compensation levels for dismissal for a breach of a statutory employment right.

So, lets think the proposal through. Refuse all employees the right to join a union (ie exercise a statutory right), then dismiss them for it (automatic unfair dismissal)

Way to bankrupt a company in 1 foul swoop!

Yeah, BA have been incredibly naive to let themselves get in this position. They have no way out.

Short of govt intervention they're moribund.