2009-12-14

Unions destroy businesses

A fantastic example of how destructive a force workers' unions are for a business.

British Airways just recently lost 292 million GBP over a 6 month period, and its two pension schemes have a combined deficit of 3.7 billion GBP. Management is handling this by freezing pay and downsizing: 1000 employees have already left on voluntary redundancy, while 1200 more need to leave.

The union's response? An 11-day strike over the whole Christmas and New Year period, ruining the holidays of a million customers who now can't get tickets on any other airline because everything is booked out.

Edit 2009-12-17: A judge declared the strike illegal based on a technicality. Thank smurf.

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