{"id":348913,"date":"2020-04-30T12:21:37","date_gmt":"2020-04-30T06:51:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348913"},"modified":"2020-04-30T13:13:35","modified_gmt":"2020-04-30T07:43:35","slug":"british-airways-to-cut-up-to-12000-jobs-in-survival-fight","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/british-airways-to-cut-up-to-12000-jobs-in-survival-fight\/","title":{"rendered":"British Airways to cut up to 12,000 jobs in survival fight"},"content":{"rendered":"<p>IAG SA will slash the work force at its flagship British Airways by almost 30 per cent in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years.<\/p>\n<p>IAG shares fell as much as 6 per cent Wednesday, after the airline group said that as many as 12,000 jobs will be lost at the U.K.s former state-owned airline.<\/p>\n<p>A 1.3 billion-euro ($1.4 billion) charge from fuel and currency hedges added to the groups first-quarter operating loss, according to a statement late Tuesday. With its planes on the ground, IAG said operating results are likely to be significantly worse in the current period because the virus has pushed down demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IAG SA will slash the work force at its flagship British Airways by almost 30 per cent in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years. IAG shares fell as much as 6 per cent Wednesday, after the airline group said that as many as 12,000 jobs will be lost at the U.K.s former state-owned airline. A 1.3 billion-euro ($1.4 billion) charge from fuel and currency hedges added to the groups first-quarter operating loss, according to a statement late Tuesday. With its planes on the ground, IAG said operating results are [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-348913","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=348913"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348913\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}