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Spain: Streamlining procurement to help BA-Iberia save £360m
Publish Date : 18-Nov-2009
Improved procurement and sourcing efficiencies could help BA achieve \"synergy\" savings of €400m (£360m) after it merges with Spanish airline Iberia. According to Willie Walsh, the British Airways chief executive, the plans would lead to further job cuts.
Speaking to the Telegraph, Walsh identified €50m of \"annual benefits\" in the first year after the merger, €125m the next, €250m the year after, €375m the following year and €400m by year five. However, Walsh went on to warn of \"potential job reduction in both organisations\" at a time when both BA and Iberia are facing up to unions threatening strike action.
