The chief executive of British Airways, Willie Walsh, has turned down an annual bonus of shares worth £334,000, the airline has said. It is the second year in a row that Mr Walsh has turned down a bonus. Mr Walsh's salary remains at £735,000, although he earned £674,000 last year after voluntarily giving up July's pay as part of cost-cutting measures.
The Unite union, which is locked in a dispute with BA, said there would have been uproar if he had taken his bonus. The long-running row, which had led to 22 strike days this year, began over staffing levels and working conditions. But the Unite union, which represents BA cabin crew, says the main outstanding grievance now is the removal of travel concessions for those who went on strike
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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