International Consolidat... Share Discussion Threads

[m1k3y1] 20/6/2020 23:01

David.....so you don't care what you invest in, or how the company you invest in operates, as long as you make money.
OK.

[davidoff150] 20/6/2020 22:49

I’m not saying the solution is to pay everyone less. I’m saying I’m here to buy stocks for x and sell them for 2x.

That’s the purpose of an investment chat board. If you want to discuss ethics, I think you should be on the guardian website.

[qantas] 20/6/2020 22:15

Https://www.travelweekly.co.uk/articles/375918/unite-warns-city-analysts-ba-actions-high-riskPlease do your own research as always.

[m1k3y1] 20/6/2020 19:06

BBC News
Spain

[m1k3y1] 20/6/2020 19:02

Jailbird.....so companies should just keep paying employees less and less because other companies are paying employees less and less ?

Meanwhile Directors and managers are getting paid more and more because they are overseeing employees getting paid less and less......madness.

[jailbird] 20/6/2020 17:02

Cos will look around and say why are we paying more .They will never look at why are less though .In IT for example , the pay scale was aligned to the IT industry ratesIs this what BA are now doing with crew ?Out with old contracts , in with new lower ones ...will these be a job for life again ?

[m1k3y1] 20/6/2020 11:09

David.....so the solution is for all employers to pay everyone peanuts then ?

[davidoff150] 20/6/2020 11:00

This is nonsense. You’re over thinking it. Virgin pay their people peanuts for two decades and it has always had great customer service well differentiated from that of a low cost carrier.

[m1k3y1] 19/6/2020 19:51

Unite the Union Issue letter before action to BA for defamation.

[smithys2019] 19/6/2020 13:07

Worth pointing out the brand will go down the toilet with a poorly motivated and underpaid staff.

I’ve seen it elsewhere. Rabid cost cutting goes well with a low cost no frills model. It doesn’t work with a premium full service airline.

Unfortunately someone hasn’t bothered to tell Alex Cruz this.

Worldwide cabin crew need to retain a quorum of their most exceptional people to bring along very eager, keen but inexperienced newer Mixed Fleet crews. They should be paid appropriately for their skills. At the same time, if they wish to retain people for the long term, in order for the levels of service to remain high, cabin crew must be retained longer than a year.

Shareholders would do well to understand the value in the company is not about the bottom line (Although it appears IAG are exceptional at this and Ninja at marketing and innovation), it has to be about retaining value and excellence in the product too. I am a value investor. I don’t do investment in pump and dump stocks or those that are run by boards whom look for
Short term sugar rushes to placate my short term capital gains

[962962] 19/6/2020 11:27

m1k.re share price. Naughty,Naughty question.Scenario 1.Thejob losses/re contracting goes through,the company is more efficient/streamlined and goes back to bumper profits/dividends/big share price rise,I'm quids in.Scenario 2.As we stand now,turmoil in company,quarantine 3 months to late,We are closing as most people are opening up,not a good situation for as you say 3 months time.Saying that I have to admit the price is better than it could have been.As it stands I would go with public/trade opinion it will be be 2/3 years before we get back to the 7 quid mark,or higher (hopefully),but 3 months in the region £3 poss £3.50 tops.

[m1k3y1] 19/6/2020 11:08

962....Do your own research.

[962962] 19/6/2020 11:03

m1k.Get a grip of english language/grammar.The acceptability to BA/ACAS is your quote,not mine.My quote was ended by a full stop.The next sentence commenced IE (in example) as a clarification not a definate fact.Please for my perusal,as not personal/sensitive documentaion (your Words).and not infringing data protection,please supply links to where these docs can be downloaded/viewed.

[m1k3y1] 19/6/2020 10:54

962....where do you see the share price going over the next, say 3months ?

[m1k3y1] 19/6/2020 10:48

962......Thank you for confirming that you haven't seen any of the documents.
The documents I am referring to are neither personal or sensitive.

How do you know that it includes a statement which says "if you show an interest in VR we will give you more/detailed information.If you don't show an interest you wont be advised"

[962962] 19/6/2020 10:46

m1k.I would negotiate,by sitting round a table,or with social distancing being in effect,video link etch and discuss/argue the point.Regarding the redundancy,we are now talking the VR possibility,that has only raised its head in the last 24 hours.The legal involvement,for VR is clearly there as you state,in the wording aceeptale to BA or acas.IE if you show an interest in VR we will give you more/detailed information.If you don't show an interest you wont be advised.
Now lets get to some facts,I havn't seen any of these documents.I previously was an employee,as I have stated on numerous occasions,and by that fact would not expect to see documentation issued only to serving staff.That begs the question how are you privvy to these personal/sensetive documents

[m1k3y1] 19/6/2020 10:42

Jailbird.....the benefit of hindsight is a marvellous thing. You can only make a decision based on what is in front of you at the time of course.

You are right, it is about timing in one's life.

[jailbird] 19/6/2020 10:37

M1,I agree it would not have been right for everyone .. probably unfair to say what I said.. not talking crew btw I know a few who wish they had and kept saying the next one and the next one just to get one or two more years ... closer to 60. Why would you not take 1.5 years VR if you only intend to work 2 more years and have over 35 years service !It was more a job to pass the time or take it 60 psychologically .When agreed to take this year ,was withdrawn and surprisingly not even offered VR this time ... I said you have a job ... but do not want to be there anymore now and the job being offered to do .. now will probably just leave with nothing Cannot please everyone I guess it also about timing in one's life

[easwarareddy] 19/6/2020 10:36

Tempted to get into this long term. Noticed pre covid we were around 6 pounds. Hoping by dec we'll be back up near pre covid levels.

[m1k3y1] 19/6/2020 10:25

962....please do not tell me what to do.

Have you seen any of the documents we are discussing ?

At the moment, BA has stated that "In the event that you did wish to leave British Airways via voluntary redundancy you would be required to enter into a settlement agreement or ACAS COT3 agreement on terms acceptable to British Airways"

There is no mention that the company will pay for the cost of any legal advice that employees may need to take.

Oh and would you mind answering my question about how you would negotiate in these circumstances.

[962962] 19/6/2020 10:11

m1k.Vr is totally different to statutory redundancy.There are perks included,hence the legal waiver.From people I know,the legal waiver has to be actioned by an employment lawer,not your common or garden solicitor.This entails these well paid con artists reading and fully explaining a multi page document,like being at school,and making sure you fully understand the contents.The cost of this is taken by the company,and from my information they are not cheap.Untill you actually see an Individuals offer,because they are an INDIVIDUAL offer,I would keep quiet

[m1k3y1] 19/6/2020 09:55

jailbird.....a statement like 'Some could have taken it 3-4 years ago' , is frankly ridiculous......anyone who did not 'take it' ... was either not employed by BA at the time, or had good reasons not to accept.

I suspect they might include needing to keep in employment.

[m1k3y1] 19/6/2020 09:52

962.....VR notices are now being issued. They are , it appears statutory redundancy , with 12 weeks notice period.....oh and they include a legal agreement to waive any rights to a legal claim.

[jailbird] 19/6/2020 09:52

It is good in comparison to many other CosThe problem is historically BA has offered 12-15 months redundancy packages , and many want that now Some could have taken it 3-4 years ago.But no one expected this unprecedented scenario (pandemic) to ever happen These are Different times now , those deals are gone forever