British Airways Cutting Costs
Britain's major carrier reported a record annual loss last month. As part of a broad cost-cutting effort, the airline is asking staff to work for free. British Airways CEO and his chief financial officer both say they'll work without pay for the month of July.
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STEVE INSKEEP, host:
Business is not going well for British Airways. Britain's major carrier reported a record annual loss last month. So our last word in business today is uncommon sacrifice. As part of a broad cost-cutting effort, BA is asking staff to consider working for free. That's right - keep showing up but don't take a paycheck. You have a choice: You can take a furlough and go home for nothing, or work for nothing. It's a request to voluntarily join what the company considers a battle for survival. At least two employees have signed up for unpaid work. British Airway's CEO and his chief financial officer both say they will work without pay for the month of July.
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