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FINANCIAL NEWS
Union rebuffs Gulf Air’s redundancy offer
23 Feb 2013
(MENAFN) Bahrain’s Gulf Air Trade Union has rejected a redundancy offer by troubled Gulf Air, Gulf Daily News reported.
The offer package was that staff laid off will receive 30 days’ salary for every year they had worked, in addition to a bonus payout and another three months’ salary.
The new deal, brokered by Labour Ministry Under-Secretary Sabah Al Dossery, did not meet the demands of the union, which are two months’ pay for each year’s service and USD13.2 bonus, union spokesman Mohammad Mahdi said.
The paper cited Mahdi as saying: “We didn’t only refuse that deal, but the whole restructuring process, and for good reason”.
The loss-making Bahraini flag-carrier has suffered due to strong competition from nearby Emirates Airline, Qatar Airways and Etihad Airways, and cut eight non-performing routes last year
In January, it was reported that more than 1,200 staff could lose their jobs as part of a major restructuring process at the airline.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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