London — IAG will slash the workforce at its flagship British Airways (BA) by almost 30% in a painful restructuring aimed at shrinking the airline group to make it through a downturn that could last for years.

As many as 12,000 jobs will be lost at BA, the former state-owned airline that now leads a stable that includes Spanish flag carrier Iberia, Ireland’s Aer Lingus and discount brands Vueling and Level, according to a statement late on Tuesday...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now