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Share Price Information for International Airlines (IAG)

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Share Price: 178.65
Bid: 178.70
Ask: 178.80
Change: 0.35 (0.20%)
Spread: 0.10 (0.056%)
Open: 178.75
High: 181.20
Low: 177.50
Prev. Close: 178.30
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Deal Agreed To End IAG'S British Airways Cargo Worker Dispute

Wed, 27th Jan 2021 11:02

(Alliance News) - A fresh round of planned strikes by International Consolidated Airlines Group SA's British Airways cargo workers has been called off after a deal aimed at ending a dispute over pay and conditions.

Unite said it expected its members, mainly based at Heathrow Airport, will accept the agreement in a ballot.

Cargo staff took nine days of strike action over Christmas and the New Year and were due to stage more walkouts from this weekend, but these have now been called off.

Unite said the main points of the deal agreed with BA include no compulsory redundancies, a pay rise for most staff and an end to the threat of workers being fired and rehired on worse terms and conditions.

The union said the deadlock in negotiations was broken last week, when BA's new Chief Executive Sean Doyle became directly involved.

Unite assistant general secretary, Howard Beckett, said: "This is a tremendous result and finally ends the threat of workers in BA Cargo being fired and rehired at British Airways.

"Huge credit must go to our members in BA Cargo, who firstly overwhelmingly voted for strike action and then delivered on that commitment by undertaking nine days of solid strike action, in the teeth of the Covid-19 pandemic.

"Unite recognises the personal involvement of Sean Doyle as significant in achieving a negotiated settlement that our reps now feel able to recommend to our members.

"Fire and rehire is proving to be the present day go-to weapon of the worst type of employers. Workers up and down our nations in many instances are being forced to pay for the Covid crisis with reduced terms and conditions."

Shares in IAG were 0.2% lower in London on Wednesday at 139.69 pence each.

By Alan Jones, PA Industrial Correspondent

source: PA

Copyright 2021 Alliance News Limited. All Rights Reserved.

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