Wiliie Walsh refuses bonus

Willie Walsh the CEO of British Airways has shown his striking cabin crew workers that everyone must take pay cuts after refusing a £334,000 bonus which is the second time the airline boss has turned down his annual bonus.

Although Mr Walsh does earn a handsome £735,000 a year he has shown he is ready to take a pay cut to help his company come through the other side of the deep recession, he also missed his July salary as part of his cost-cutting plans. The Unite union claim had he taken the massive bonus there would have been uproar.

Mr Walsh is currently locked in a battle with the union regarding pay and conditions. The pay committee have set him three tasks if he is to be eligible for bonus next year.

One of these tasks includes resolving the pay dispute with cabin crew workers which has so far resulted in 21 days of strike action. The dispute is still not solved with talk of more stikes on the way so if Mr Walsh wants his bonus next year he will have to resolve this issue in the near future.

Walsh stated that if BA failed to change then the company would shrink and shrink eventually into non existence.