Posted on March 28, 2011 by Trading Point Investment Research Desk at 9:37 pm GMT
The union members of the cabin crew of British Airways voted with hugely (eight to one) for a new strikes to be in effect. This decision could lead to strikes occurring even during the Easter period but according to sources from the union possible actions against these strikes could be in effect in mid April. A similar voting result was observed before Christmas following conflicts between management and cabin stuff occurring from wage cuts and staff dismissals proposals.
A possible strike could be devastating for the economy of the United Kingdom and the GBP as there are so many factors relying on air transportation. Given that British Airways is the biggest UK airline, possible strikes could lead to canceled and delayed flights which in turn could lead to massive losses and lost opportunities for further income.
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