British Airways PLC said Thursday that almost 7,000 staff have responded to a call from the carrier to apply for voluntary pay cuts as it seeks to cut costs after the global economic crisis led to a slump in traveler demand.
British Airways said the pledge by the workers to take unpaid leave, work part-time or carry out unpaid work would save the company up to 10 million pounds ($16 million).
"This is a fantastic first response," said Chief Executive Willie Walsh. "I want to thank everyone who has volunteered to help us pull through this difficult period."
The carrier had urged its 40,000-strong work force to work for nothing …
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