Thursday, December 17, 2009

Voting to jump off a cliff

The demise of Flyglobespan yesterday should be a timely warning shot to cabin crew at British Airways. The airline industry is in a perilous state and companies such as British Airways can either get their costs under control or collapse. Given the former is the lesser of the two evils, the decision by BA cabin crew to strike over Christmas seems like little other than a vote to jump off the top of a cliff with no safety net to catch them.

I wonder of there is a growing trend of industrial and commercial irresponsibility and suicide on the go at the moment. The postal workers were on strike despite the devastating consequences to their own under-threat Royal Mail. BA cabin crew vote themselves a long Xmas break that could crash land their company. Management are just as wreckless. Bank bonuses on a massive scale have been paid when the banks themselves have been bailed out by the taxpayer and are still on a commercial life support machine.

It waits to be seen what impact this sort of suicidal behaviour has on the economy as a whole.
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