Nadine Houghton, national officer of the GMB union, said: 'Alex Cruz presided over the worst attack on BA employees in the entire history of the company. Luis Miguel Gallego Basteri Net Worth Luis Miguel Gallego Basteri Net Worth 2021, Age, Height, Relationships, Married, Dating, Family, Wiki Biography. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Mr Cruz previously stressed that 'people need to get flying again' if the company is to emerge through the winter and weather the 'worst crisis in its 100 years of history'. Laying bare the uphill struggle to revive BA's dire financial fortunes, he said: 'We ended up last year, British Airways, with £2.6billion in cash. Sean is a non-executive director of Comair Holdings SA. <> Currently, he is the Minister of Foreign Affairs of Ecuador since July 2020, appointed by president Lenín Moreno. Last week, the Government unveiled a taskforce to develop a coronavirus testing system as a potential way of easing quarantine restrictions for arriving passengers. I joined in 2013 to help turn the company around; with more than 30 initiatives today, we strive to be the best in everything. Luis Miguel Net Worth $45 Million. Celebrity Net Worth Revealed: The 55 Richest Actors Alive in 2021. We are no longer accepting comments on this article. New CEO Mr Doyle first joined British Airways in 1998 and carried out various financial, strategy and commercial roles, culminating in his appointment as director of network, fleet and alliances in 2016. Luis Gallego can be an professional, known for Por el bistec (2004). 'Cruz is now the scapegoat for BA's catastrophic threat of fire and rehire. date, his basic salary for the remainder of 2020 will have a 20% salary reduction applied to the figure of £820,000 that was stated in the 2019 Directors’ Remuneration Report. Mr Cruz's removal from his position comes as it was revealed that Heathrow's passenger numbers were down 81% in September. At that point, the airline was losing $1 million per day. As part of his role he was accountable for Network and Fleet planning, Airline partnerships and oversight of BA's business units at London Gatwick and BA Citiflyer. 'Since then, he has led the airline through a particularly demanding period and has secured restructuring agreements with the vast majority of employees.'. Cabinet Secretary Simon Case admits 'chatty rat' lockdown leak inquiry 'probably' WON'T find culprit as he... Father, 47, and daughter, 26, drowned after being swept from harbour wall by stormy sea on first day of... Man is arrested after 'shots are fired' near college in Crawley. He has an estimated net worth of around $180 million (as per 2020 data). �7�f #�fX6�;�{C��҃bg��fʉ�5 X����zP���t�>��8�e��@���C� oag\�>�����3�y>q����E+�O��-����� �-�Q��s���pu�ë���K��g;����Q��w���o��W��e!Db`ʡ+5 ��~�b�t��o��W��=�^]$~C��n�. IAG chief executive Mr Gallego said: 'We're navigating the worst crisis faced in our industry and I'm confident these internal promotions will ensure IAG is well placed to emerge in a strong position. 'The last few months have been tough for Cruz, who was tasked with driving through 13,000 job cuts at BA, making him a frequent target of trade union hostility. The EU SUES AstraZeneca for 'failing to honour its contract' after Brussels' disastrous vaccine roll-out put... 'No': Boris Johnson's terse denial that he said he would rather see 'bodies piling up' than another lockdown... Official review discovers up to 100 senior civil servants have paid jobs outside of Whitehall as Cabinet... Dominic Cummings 'has audio recordings of key government conversations' and 'can back up a lot of his... DOMINIC LAWSON: Tightwad Boris will have hated forking out for Carrie's decor. Gallego has been CEO of Iberia since 2014. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said: 'The fact that his resignation comes so soon after Mr Gallego took up the reins at IAG, would indicate that he certainly felt under pressure to leave. Mr Cruz revealed that he had taken a 33.3 per cent pay cut, and his top team a 25 per cent cut. <>/Metadata 118 0 R/ViewerPreferences 119 0 R>> How Did Luis Miguel Make His Money? 'We hope that the incoming CEO Sean Doyle will begin a new chapter of constructive relations with staff and unions, repair the reputation of the airline and boost the morale of staff. He worked tirelessly to modernise the airline in the years leading up to the celebration of its 100th anniversary. 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