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  #1  
Vecchio 01-11-2005, 12.50.14
michaelnewport@yahoo.com
 
Messaggi: n/a
Predefinito BAA shake-up set to cost 700 jobs

BAA shake-up set to cost 700 jobs

Long haul traffic helped drive a rise in passenger numbers
UK airports operator BAA has announced it is to shed 700 jobs as part
of a cost-cutting drive.
The group said the move would result in savings of about £45m a year
by 2008.

The news came as BAA posted a 9.6% rise in underlying operating profits
to £412m ($728.9m) for the six months to 30 September, from £376m
last year.

BAA, whose airports include Heathrow, Gatwick and Stansted, said it
carried 82.3 million passengers during the six month period - up 2.5%
on last year.

Passenger boost

The increase in passenger numbers was mainly driven by growth in
long-haul traffic, boosted by new routes across the North Atlantic and
to Asia from Gatwick, Edinburgh and Naples.

We want to streamline the management and admin staff of the business
and get our managers closer to the business

Mike Clasper, BAA


Check BAA's share price

However, despite the rise in traveller numbers at the group as a whole,
passenger levels at the group's three London airports slipped with the
group blaming "a difficult summer and a weaker UK economy".

Retail sales from shops at BAA's seven UK airports rose 3.8% to £324m,
which, combined with the increase in passenger numbers, help to boost
overall revenues by 6.4% to £1.17bn.

Despite the rise in revenues, BAA reported pre-tax profits - excluding
gains and losses on property disposals and other items - of £367m,
down from £597m.

Looking ahead, the company said its cost cuts would "improve customer
service and shorten decision chains, leading to more effective
management and sustained efficiencies of £45m per annum from 2008/09".


The shake-up would focus on the back office and management areas,
resulting "in around 700 fewer jobs", BAA added.

Improvement challenge

The move is part of its ongoing Delivering Excellence scheme and the
changes are expected to result in one-off charge of £90m.

"We want to streamline the management and admin staff of the business
and get our managers closer to the business to deliver that better
leadership and get the right people in the right jobs," ***** executive
Mike Clasper told BBC Radio 4's Today programme.

He added the changes would help improve logistics at its airports such
as Heathrow which handles 180,000 people, 240,000 bags and 1,400
aircraft each day.

"Getting all that to work reliably and consistently is a real
challenge," Mr Clasper added.

"We think we can bring, partly because of the leadership changes, the
sort of techniques Tesco would bring to managing these logistics so
that we can get resources where we need to get them to."

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  #2  
Vecchio 01-11-2005, 12.52.51
Martin
 
Messaggi: n/a
Predefinito Re: BAA shake-up set to cost 700 jobs

On 1 Nov 2005 02:50:14 -0800, [email]michaelnewport@yahoo.com[/email] wrote:
[color=blue]
>BAA shake-up set to cost 700 jobs
>
>Long haul traffic helped drive a rise in passenger numbers
>UK airports operator BAA has announced it is to shed 700 jobs as part
>of a cost-cutting drive.
>The group said the move would result in savings of about £45m a year
>by 2008.[/color]

The CEO talks in cliches.
Christmas airport strikes followed by a new CEO?
--
Martin
Rispondi citando Condividi su facebook
  #3  
Vecchio 01-11-2005, 12.52.51
Martin
 
Messaggi: n/a
Predefinito Re: BAA shake-up set to cost 700 jobs

On 1 Nov 2005 02:50:14 -0800, [email]michaelnewport@yahoo.com[/email] wrote:
[color=blue]
>BAA shake-up set to cost 700 jobs
>
>Long haul traffic helped drive a rise in passenger numbers
>UK airports operator BAA has announced it is to shed 700 jobs as part
>of a cost-cutting drive.
>The group said the move would result in savings of about £45m a year
>by 2008.[/color]

The CEO talks in cliches.
Christmas airport strikes followed by a new CEO?
--
Martin
Rispondi citando Condividi su facebook
  #4  
Vecchio 01-11-2005, 12.52.51
Martin
 
Messaggi: n/a
Predefinito Re: BAA shake-up set to cost 700 jobs

On 1 Nov 2005 02:50:14 -0800, [email]michaelnewport@yahoo.com[/email] wrote:
[color=blue]
>BAA shake-up set to cost 700 jobs
>
>Long haul traffic helped drive a rise in passenger numbers
>UK airports operator BAA has announced it is to shed 700 jobs as part
>of a cost-cutting drive.
>The group said the move would result in savings of about £45m a year
>by 2008.[/color]

The CEO talks in cliches.
Christmas airport strikes followed by a new CEO?
--
Martin
Rispondi citando Condividi su facebook
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