British Airways pilots have accepted a deal that will temporarily cut pay by 20% and eliminate more than 200 jobs, the pilotsâ€™ union said on Friday.
â€œThe deal means that there will be temporary 20% pay cuts reducing to 8% over two years and towards zero over the longer termâ€, British Airline Pilots Association said in a statement.
â€œRegrettably, there will still be some compulsory redundancies which are currently estimated to be 270 although that number will fall as mitigations take effectâ€, the statement added.
The ballot result was 85% to accept the deal on an 87% turnout. There will be no â€œfire and rehireâ€ of pilots, the union said.
UK lawmakers have previously criticized BA, alleging that it used a furlough â€œfire and rehireâ€ scheme, a tactic used by companies forcing employees to accept inferior terms.
Earlier this year, British Airways, which is owned by International Consolidated Airlines Group (ICAG.L), was seeking to lay off a quarter of its pilots, according to a letter sent to the union and seen by Reuters.
Global curbs imposed to fight the coronavirus pandemic have slammed air travel, putting the future of many airline companies in doubt.
â€œWe do not expect our company to return to 2019 levels of business until at least 2023 and therefore we need to act now to reshape our company for a very different futureâ€, British Airways said in an emailed statement.