Bay Capital Share Discussion Threads

[bartram] 21/10/2010 07:35

Daily Mail obtains copy of BA union deal document:

Daily Mail obtains the British Airways union deal document - but cabin crew split over whether or not to accept
By Ray Massey, Transport Editor
Last updated at 8:33 PM on 20th October 2010

The Daily Mail has obtained a copy of the revised formal agreement offer between British Airways and the Unite union, as well as a covering letter from BA boss Willie Walsh to TUC general Secretary Brendan Barber.
Union officials back it, but militants said 'no deal.'
In the letter Mr Walsh agrees to restore 'with immediate effect' most staff travel perks withdrawn from striking cabin crew.

He also holds out the prospect of full concessions resuming from April 2013 if there is no further industrial unrest over the next few years.

But the offer is dependent on the cabin crew union accepting and implementing the agreement and dropping any legal challenges: 'All parts of the union, Unite, BASSA and Amicus, must recommend acceptance.'

It adds that communications by Unite and its branches must be 'more balanced and measured than they have been.'

The document itself offers a new deal on pay rises and employee relations.

Staff facing disciplinary action as a result of the dispute will have their case dealt with under an ACAS arbitration scheme rather than take a claim to an employment tribunal.

[selborne_edge] 20/10/2010 20:06

Most industrial disputes end in compromise. At the end of the day management and employees (including unions) need to work together. A humiliated and disafected workforce is the last thing you want.

Lets hope that BA will now enter a period of calm and start making good profits. A share price of £4 would be very acceptable

[sandbank] 20/10/2010 15:04

I just have a sneaking feeling though that BA haven't won that knock-out blow they were hoping for. This smells of compromise - which is always a bad thing in industrial relations

[selborne_edge] 20/10/2010 13:52

The omens are certainly good that this dispute will be settled. If so, this must be the time to buy.

[horus22222] 20/10/2010 13:28

Unite's Woodley said: "Our members, who have shown exemplary solidarity and discipline throughout this long and bitter dispute, will now decide whether this offer meets their requirements."

He added "Representatives agreed that it is the best that can be achieved through negotiation in the current climate."

I will be interested to see what they have got after all that has been said and done.

[horus22222] 20/10/2010 10:56

The Unite trade union is to ballot British Airways cabin crew on a peace offer that could end a year-long industrial dispute.

Preparations are underway for a poll of around 10,000 flight attendants that could begin as soon as next week after the outlines of a new agreement were thrashed out in talks. Unite's main cabin crew branch, Bassa, told members that the offer contained changes to a previous peace deal that was rejected in a ballot during the summer.

Last night senior shop stewards met the joint general secretary of Unite, Tony Woodley, and agreed that the proposals warranted a vote. It is understood that aspects of the potential deal represent an improvement on the offer that was rejected over the summer. The proposals appear to have moved on the issues of disciplinary action taken against flight attendants and sanctions against the estimated 6,700 crew who took part in 22 days of strikes this year.

for the rest go to:

[shauney2] 20/10/2010 10:43

Not one to short.Load factors are up especially premium.Get the cabin crew dispute out of the way and up it will go.

[ben nevis] 20/10/2010 10:29

Got stopped out on the way up. But shorting again on the bumps :)

Nobody else shorting ? Takes both to make a market :)

[anony mous] 20/10/2010 09:09

Ben Nevis - 20 Oct'10 - 09:02 - 5180 of 5180

Nice descent :)

Is nobody else short ??





......LOL !
and hows your 2.50 short ?

[ben nevis] 20/10/2010 08:02

Nice descent :)

Is nobody else short ??

[anony mous] 19/10/2010 08:54

Dispute: British Airways
BA 'will not back down' in cabin crew dispute
19.10.10

British Airways will not back down in the year-long cabin crew dispute and is ready to run a near-full service in the event of another strike, the airline's chief executive Willie Walsh said today.

He said it was "entirely" the fault of the cabin crew's union Unite that the dispute had dragged on for 12 months.

And he added that changes to working practices should have been tackled 10 years ago.

Addressing the annual convention of travel organisation Abta in Malta, Mr Walsh said: "In the past I have seen managers and businesses ignore issues and back down in the face of industrial action. We are not going to do that."

[schlemiel] 17/10/2010 20:48

I suppose for many traders they should be thanking Woodley and Simpson for allowing them to pick up BAY stock so cheaply!

[y1phr] 17/10/2010 20:46

up up and away.

[anony mous] 15/10/2010 10:32

LOL !
like bulls should have sold at 1.50, 180, then 2.10, then 2.50
no way, these are heading much much higher !
alot more pain for shorters; shorters have been burnt with BA in the past loads of times.
where are the shorting muppets who spouted their rubbish at £2.00 ???

3.00+ on the way :-)

[ben nevis] 15/10/2010 09:52

Now is a damn good time for bulls to sell (assuming they sensibly bought around 100).

Then we can bring it down again :)

[anony mous] 13/10/2010 13:04

BA is suing Unite for its decision to call strikes.

[anony mous] 13/10/2010 08:19

2.81 ? 3.21 ?

narh... you'll get 4.50-5.00 medium term.

too many positives now feeding through, worst over.
i been piling in since 1.00+ and i'll still be holding, 4 bagger :-)

[bjago] 12/10/2010 20:42

agree chancer,naturally i would be very very happy to get my investment back after all this time, but them i'm out, precarious times!

[chancer] 12/10/2010 20:29

y1phr & bjago

I would not get too excited at the moment even though the "unions" appear to be co-perating to stop action.

It appears (IMO) a false sense of security to bide time.

[bjago] 12/10/2010 19:46

That makes me feel good y1phr, i paid 281p in Feb 2008 and hopefully money back time very soon.It seems a long time but recently sooner than expected! come on BA

[y1phr] 12/10/2010 19:25

its been along wait i paid 321p for this stock come on ba.

[anony mous] 12/10/2010 12:08

off she goes !!!!!!!!

if BA announce done deal with unite next week, then 3.00+ pronto, as no threat to xmas flights.

[anony mous] 11/10/2010 15:26

y1phr

you can say that again
;-)

[anony mous] 10/10/2010 20:02

from todays sunday paper............

Walsh spoke as BA's biggest cabin crew union, Bassa, indicated that a new peace deal could be brokered with the firm in a long-running industrial dispute. Tony Woodley, joint general secretary of Bassa's parent union, Unite, held talks with Walsh last week. In an email to members Bassa said the announcement of a fresh strike poll had been delayed to allow talks to continue. "We have been informed Tony believes that he should be able to conclude a new proposal, with significant changes, by the middle of next week at the latest."

and.....

The dispute erupted a year ago after the airline unilaterally reduced crew numbers on flights, but Unite has now accepted the changes by dropping them from negotiations.

[smurfy2001] 09/10/2010 14:36

Burn!!!!


Ben Nevis - 8 Oct'10 - 15:23 - 5162 of 5164

Anon - that isnt me !! I've been shorting from 240....266