Jobs to go as BWIA cuts cost

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Jobs to go as BWIA cuts cost
By Curtis Rampersad
Trinidad Express

National airline BWIA will this week launch a massive restructuring
exercise to help stem huge financial losses for the past six months. The
exercise will include job cuts over all levels of the company. Following a
board meeting last Friday directors took the decision to slash costs and
called on management to look at immediate restructuring. Clint Williams,
director of corporate communications, said yesterday the board instructed
management that they find ways "to revise and restructure the airline to
reflect its grim financial position and the apparent changed industry since
September 11". Williams said the potentially lucrative summer season had
already been lost and it was based on this the restructuring  exercise was
deemed necessary. Declining travel since the September 11 terrorist attacks
in the United States saw BWIA losing US$8.4 million in first six months of
this year and an on-going dispute between pilots and management has cost
the airline TT$8 million in loss revenue since July to first four days of
this month. Several flights to Tobago, up the Caribbean and Toronto were
cancelled over the weekend.



The owner of Roger's Trinbago Site:
Roj (Roger James)
***************************************************
escape email mailto:ejames@escape.ca
Trinbago site: http://www.tntisland.com
CBC Website
http://www.tntisland.com/caribbeanbrassconnection/
The Trinbago Site of the Week:
(TnT Medical Assn.) http://www.tntmedical.com/
(Trinidad & Tobago Medical Association)
courtesy of Roj Trinbago Website & TnT Web Directory
Roj's Trinbago Website: http://www.tntisland.com
TnT Web Directory: http://search.co.tt
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