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British Airways could suspend 36,000 employees

THE IAG-owned British Airways is expected to announce a suspension of about 36,000 of its employees, reports said.

The airline has reached a broad deal with Unite union that will include suspension of jobs of 80% of BA's cabin crew, ground staff, engineers and those working at head office. Reports added that no staff were expected to be made redundant.


Talks with the union are still ongoing, British Airways said in a brief statement to Reuters.

British Airways had recently said that it was temporarily suspending flights from Gatwick Airport, Britain's second-busiest airport, as the aviation sector reels under the coronavirus crisis.

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Mergers and aquisitions
Aegon exits UK after 200 years as £2bn deal hands business to Standard Life
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Aegon exits UK after 200 years as £2bn deal hands business to Standard Life

  • Aegon sells its UK arm to Standard Life in a £2bn deal.
  • The move is part of a broader shift towards the US market.
  • The combined group will serve 16 million customers with £480bn in assets.

After nearly two centuries of presence, Aegon is stepping away from the UK market. The company has agreed to sell its UK business to Standard Life in a deal valued at about £2bn, marking a significant shift in its global strategy.

The transaction brings together two large pensions and savings businesses, creating a combined group with around 16 million customers and £480bn ($651bn) in assets under administration. For Aegon, the move is less about the UK itself and more about where it wants to be next.

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