British Airways is reviewing its voluntary benefits plan, which is currently administered in-house. The airline is considering handing over management of the scheme to a third-party provider.
A spokeswoman said: “We are looking at the voluntary benefits scheme as we have looked at all parts of our business over the past couple of years to consider how cost effectively it can be managed into the future.”
The move comes during a period of change for the airline which is undergoing a management headcount reduction programme that will result in 35% of managers leaving over the next few years.
Among those that have already left the company is reward manager John Fursden. “He, like many other managers, has taken the opportunity to opt for early retirement as part of that management restructure,” added the spokeswoman.
The drive for greater efficiency at the airline will help it to address the £2.1bn deficit to its main pension scheme. Last month, it reached an agreement in principle with trustees to deal with it over a ten-year period, conditional on BA staff accepting benefit cuts.