British Airways yesterday said it wants to raise the retirement age for staff as one of a series of measures aimed at easing its pension obligations. The airline currently has a pension deficit liability of £1 billion ($1.75 billion) in its New Airways Pension Scheme. It said it will make a payment of £500 million into the plan once the changes are accepted by unions. Normal retirement age for ground staff will rise to 65 "to coincide with age legislation expected to introduced in ...

Subscribe to Access this Entire Article

"BA wants employees to work longer to reduce pension costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.