Coronavirus: British Airways likely to suspend 36,000 employees : Bulletin: Business Today
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Coronavirus: British Airways likely to suspend 36,000 employees

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April 2, 2020

Coronavirus: British Airways likely to suspend 36,000 employees

IAG-owned British Airways (ICAG.L) is expected to announce suspension of about 36,000 of its employees, BBC News reported on Wednesday. The airline has reached a broad deal with Unite union that will include suspension of jobs of 80% of BA's cabin crew, ground staff, engineers and those working at head office, the news agency reported, adding that no staff were expected to be made redundant.

Coronavirus in India Highlights: Active cases in India rise to 1,649; death toll at 41

According to Ministry of Health and Family Welfare website, the total number of active COVID-19 cases has reached 1,649 in India as of date whereas the death toll has risen to 41. Globally, according to World Health Organisation data, 40,598 have died and 823,626 have been infected so far due to the respiratory infection.

Read: $20 trillion lawsuit against China! US group says coronavirus is bioweapon

GST collection dips 11% in March; steeper drop expected in April, May

The GST collection in March has come down to Rs 97,597 crore from Rs 1.06 lakh crore in February, a drop of almost Rs 8,000 crore or 7.5 per cent. This is 11 per cent lower than the Rs 1.07 lakh crore collected in March 2019.

Since tax dues of February were collected in March, the drop is not on account of lockdown due to coronavirus, and is largely due to sluggish business growth in February.

Trump says China's coronavirus numbers seem 'on the light side'

U.S. President Donald Trump said on Wednesday the coronavirus statistics China was reporting seemed "a little bit on the light side," while his national security adviser said Washington had no way of knowing if Beijing's figures were accurate.The comments came after a senior Republican lawmaker cast doubt on Beijing's data.

Coronavirus fears hit March auto sales hard; check how Maruti, Tata Motors performed

Even as automobile manufacturers were slowly shifting to stricter transmission norms amid the economic slowdown, the COVID-19 outbreak worsened the troubles. Leading manufacturers including Maruti Suzuki, Mahindra & Mahindra, Toyota and Hyundai recorded a sharp decline in sales, owing to production shutdown amid coronavirus outbreak. The largest passenger vehicle maker in the country Maruti Suzuki posted a 47 per cent year-on-year fall in sales in March 2020 on account of countrywide lockdown.


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