BAY, B.C. — British Airways Inc. (BAL) is expecting to cut more than 700 jobs, but it’s not a large number.CEO Brian Hayes says he expects the airline to save money through attrition and restructuring to keep the company’s share price in check.
Hayes says there’s a risk of a slowdown in the airline’s core business, including business that does not generate revenue.
The company is cutting about 2,000 jobs at the Boeing Co. factory in Bay St. John, B-4, while it prepares to close the 777X aircraft manufacturing plant.
The company says it will close the assembly plant and move to a smaller site at an airport.
It’s the latest blow for the aerospace and defence company.
The airline last year laid off 2,800 workers in the U.S. and Canada.
It said it will cut another 2,600 jobs as it transitions to a new management structure.