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A few hours after that investors BA voted more 99pc actions in favour of the agreement, the Union Unite accused company UK "a vicious war against its workforce" and said that he would be Bulletin 11 000 crew further industrial action. BA, which suffered the strike of 22 days this year, costs ￡ 150 m carrier attacked "dysfunctional" union for breaking his promise to its most recent offer members the company aimed at breaking the deadlock.

The current dispute high at its head several times to the thin shareholder attended meeting in London, which has approved the creation of a European airline with almost ￡ billion annual turnover .the ' agreement was also given the nod by investors of the Iberian Peninsula.

International Airlines Group (AIG), which will be executed by BA Executive Willie Walsh, will employ more than 57,400 staff and have a combined fleet of 406, carrying passengers 57.5 m per year.

A registered holding company Madrid - Consolidated International air transport group - sitting above AIG, the owner of London-based corporations operating BA and Iberia. They retain their trademarks, national identities and the rights of flights.

Martin Broughton, President of the BA, dismissed concerns should not push through a merger that the cabin crew line remained non-solved. "This dispute is a BA problem entirely. "It is not affected by the merger", he said.

Despite the THUMP of support for the agreement - which will see AIG Travel Fellowship from January 24 - BA BA Chairman had various Kiriat with 80 shareholders or such is the case of the meeting.

The observation of a BA did not compete with low-cost carriers quoting a tariff easyJet for ￡ 103 versus ￡ 168 BA, Mr. Broughton broken: "Enjoy your flight."

Another investor cited fears about the economy of the Spain asking: "is this the right time for a merger with Spanish airline"?"Yes", was a response of Mr. Broughton Word.

Private investor John Farmer has accused the Council "tactical" error accepting an organizational structure which meant investors meetings AIG all them be held now in Madrid.

Dr. Broughton said that without these concessions, Iberia would have classified the case of a takeover and that it has required a "premium", leaving investors BA with less of the merged group 56pc. ""It is better to have operational headquarters in the residence of the United Kingdom and the tax in Spain vice versa", added Mr. Broughton.

A sole shareholder said Chauvin permutation "lucrative" BA transatlantic routes for the "non-profit" of Iberia in Latin America is a poor business. ""In Latin America, if they do not want the race driver to win, they shoot him .c ' is always the same", he said.

Outside the meeting, Mr. Walsh said initial focus would be on the realization of the first year €72 m (￡ 60 m) synergies towards a target of 400 m € per annum cinq.Il reiterated plans use AIG to acquire more airlines.

"He also criticized Secretary General-joint unit Tony Woodley, saying that he was"shaken hands on an agreement"but failed to deliver.""Unite appear tear themselves," he said. "What I said about the nature of dysfunction of the union is played in public.?

BA 10.7 percent 261.2 dragged shares.

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Join allege "long" Andrea Molton, cabin crew member has been suspended by BA to launch a collection of Christmas for colleagues in suspension and looted.

In a letter to Tony McCarthy, Director of the BA relationships with employees, Tony Woodley, the Secretary General of the spouse of unit, said action disciplinary "beggar belief... at this time sensitive industrial relations.He added: "this suspension is bullying and vindictive attitude among some managers of BA I said several times represents a major obstacle to any regulations of our conflict actuel.Je am urging you to intervene to lift the suspension of Andrea immediately, otherwise the consequences will be rest entirely with the direction."

BA has been locked into conflict with his crew cabin of 14 months and two weeks previously unite scrapped plans to hold a ballot on the final offer of the Union compagnie.Le says it seeks urgent talks with the company on how to resolve disagreements, which began in the reduction of costs and worsened when BA suspended to a certain number of workers and withdraw benefits travel staff on strike.In his last offers BA offered to restore the benefits of travel over time.

In response to the letter of the unit, a BA spokesman said: "a cabin crew member has been suspended after an allegation of intimidation and harcèlement.Processus disciplinary company is in place for several years and it has been agreed with all unions, including Unite.Comme a company responsible for us would not disclose details of individual cases."

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Frankfurt, Germany, Federal Reserve Chairman Ben Bernanke hit on Friday to critics of the U.S. Central Bank bond purchasing program and issued an attack slightly veiled policy China to maintain its currency on a leash.

In his first speech since the u.s. Federal Reserve announced the program on 3 November, Bernanke also his case more aggressive so far this Congress also should provide more help stimulus.

No more stimulus, high levels of unemployment can persist for decades, there dit.Mais, in the manufacture of this argument, Bernanke risk fanning claims jumped the Fed into partisan politics.

Bernanke, to a chorus of events on the frenzy of goods within and outside of the Central Bank, said a more robust u.s. economy was essential for the global recovery and dismissed the charges, he was humiliated the dollar.

Video: Bernanke BCE

"The best way to continue to provide strong economic fundamentals which underlie the value of the dollar, as well as to support the global recovery is by policies that lead to a resumption of robust growth in a context of stability prizes at the United States," Bernanke said in a speech at a Conference at the European Central Bank in Frankfurt.

3 November decision the Fed buying more of 600 billions of dollars in debt the u.s. Government with the new currency generated outrage among policymakers in many countries, who accused United States seek to weaken the dollar to obtain a benefit from the export.

German Finance Minister Wolfgang Sch?uble called the policy "clueless."

Critics at home, including Republican leaders in Congress and certain officials of the US Federal Reserve, say they doubt the program will help the economy .they also fear it could harm - trigger inflation leading to a speculative buy on Wall Street.

Americans more ignoring money Life.: doubled the number of Americans who check their finances, montre.Votre career research: digging a hole of career Life.: you can not fire me! I left! life.: College Presidents paid more

Fed officials surrounded their cars this week to defend the programme.Deux added endorsement Thursday, but another expressed opposition and a fourth monetary policy said should not play the main role in the conduct of a stronger recovery.

"Deficits and surpluses are generated by the behaviour of many countries not one single currency,"Bernanke said in a discussion later with the IMF Executive Director Dominique Strauss-Kahn and President of the European Central Bank, Jean-Claude Trichet.""

"It will be very difficult for their own exchange rates to restore balance and so I think that structural adjustments on both sides are needed," Bernanke said.

Strauss-Kahn said he also recognizes that global imbalances involved difficulties but said could not be addressed without "important changes in relative currency values".

"We must move forward in this direction," he said.

Addressing international criticism of the Fed action, Bernanke said that much of the recent weakness of the dollar reflects a workflow increases were notches as investors fled the greenback sovereign debt crisis European spring security.

History: Republicans Bernanke: QE2 could jeopardize dollar

Many emerging economies have worried this volatile investment entries triggered by the decline of the dollar may be destabilizing - fuelling inflation or bubbles.

Bernanke said the failure of some emerging market economies with trade surpluses to allow their currencies to appreciate the problems these countries face worse.

"Surplus countries currency undervaluation is inhibiting the necessary international adaptation and creation of cascading effects that would not exist if the exchange rate reflects better the fundamentals of the market", he said, without explicitly pointing to China.

American officials have long argued that an undervalued Chinese yuan gives the Central Asian export an unfair advantage.

Inflexible said Bernanke currencies have been a necessary rebalancing global growth and could eventually destabilize the world economy.

"For the big countries systemic importance with persistent surpluses into account, the continued growth of exports may eventually succeed if the implications of this strategy for global growth and stability are not taken into account", he said.""

Bernanke said sluggish u.s. growth, decrease in inflation and a rate of unemployment that has oscillated about 10 percent for the month convinced makers Fed they had to pump more than stimulus.

"On its current economic trajectory, the United States runs the risk of seeing millions of unemployed or underemployed during many years," he said in his speech. ""As a society, we find that unacceptable".

However, the Fed itself program can solve the problems of the economy, says Bernanke.

"There are limits to what can be accomplished by the single Central Bank", he said, jam expectations.

"A fiscal program that combines short-term measures to foster strong growth inducing stages of confidence to reduce structural deficits (budget) longer term would be an important complement to the policies of the Federal Reserve," he said.

Bernanke has already warned that the economy is too fragile for the Congress to reduce costs or increase taxes, even though he argued that the legislators and the White House must develop a credible plan to reduce deficits more trillion budget in the long term.

But the Director of the reserve amplified this avertissement.Il is the Republicans in Congress - coming off the coast of great victories in the election of mid-term - use their influence to push for less tax more discipline and Government spending.

Republicans are upset with Bernanke because they believe that the Fed is beyond its limits with liaison.Ils purchasing program argue that the Fed is printing money to pay for a massive government debt.

Republicans Rep Mike Pence and Senator Bob Corker, want mission the Fed to be overhauled.

They want the US Federal Reserve to concentrate solely on keeping inflation at cocher.Elle now has a 'dual mandate' of the Congress: to maintain the low unemployment and inflation.

Put on the defensive, felt Bernanke forced this week to meet with legislators on the Committee's Privy Senate Banking to defend program reserve fédérale.Collègues Bernanke flow were also making public appearances to support the action of the Federal Reserve these last jours.Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis and Cleveland Fed President Sandra Pianalto were on circuit Thursday.

Reuters and The Associated Press contributed to this report.

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More than half of business managers also admit that they have no experience in dealing with trade union activists, who could exasperate industrial if they have handled poorly, dispute a survey on human resources action 301 (HR) managers by Croner Consulting, seen by the Sunday Telegraph revealed.

The news comes after the BBC strike forced the broadcaster to cancel a number of its radio and television vendredi.Le declutching caused further changes planned pension programs disturbance Saturday with more action scheduled for this month and during Christmas.

This is the last in a series of hot disputes over pay and ways of working, including current tube - that last Wednesday caused disturbance to thousands of commuters - and continues to strike, fire threat strikes strike action which has been called off the coast on late night but could resurface if peace talks collapse.

Unions warned of coordinated strikes and campaigns of mass disorders to combat ￡ 81bn package Government spending cuts, leading to fears that strike strike one in five organizations next spring.

Carol Smith, senior consultant at Croner, said: "it is for many professional HR feel underprepared to deal with trade union activity, despite predict could have a significant impact on their organizations."However it is not surprising since it is long since we were in a similar economic climate.?

Official figures show that in the 12 months to August 2010, some important workers left on an industrial dispute at the United Kingdom.It is almost double 151,000 employees who participated in the previous year, according to the national statistical office strikes.

Unite the union claimed the strength of feeling towards strikes among workers in the public sector is set to intensify cuts expenses begin to translate into redundancies in departments and agencies gouvernement.Un raft of job cuts were announced the week last overall advice including up to 1,855 Warwickshire and 350 roles in Rochdale.

The IWC has requested a revision of the right to strike the United Kingdom, to make it more difficult for workers marcher.Une main proposal consists in ensuring that at least 40pc of voting strength are in favour of keystrokes before the action can move forward when pursuant to changes, recent tube - drew support from members of the RMT - Union election 33pc strike would not spent in advance.

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Three judges of the Court appeal Wednesday ruled that the airline did had not broken personal individual contracts when he cut the number of cabin on flights from 15 to 14 in a drive to save 140 m ￡ per year.

The appeal lodged by more than 5 000 12 000 unionized BA cabin and was viewed as crucial to determine if there was a case for more strikes.

Industry experts estimate that, having lost the appeal, crew are now more likely to accept last offer BA to put an end to the long-lasting conflict.It cost the carrier 150 million from ￡.

Willie Walsh, BA CEO, various concessions made by earlier this month, including the popular restaurant travel perks - but not for two years and said demi.unir would ballots membership offer - but is still to do so.

BA said he was "pleased" that the Court of Appeal confirmed that "modest changes in the numbers of the crew aboard... were reasonable and not missed contracts crew can remain in place.

Rob McCreath, Archon Solicitors employment lawyer said that the case "unions may not apply collective agreements with employers by the courts."unless the terms agreed collectively are now part of individual contracts

The Court decision coincided with BA, October traffic figures who last week posted half 158 million tax profits of ￡ .Prime traffic has increased by 3 7pc 4 6pc and in economy class, in October 2009.

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A number of senior bankers, including John Varley, Barclays, outgoing Executive chef wrote Treasury to express their concerns about the planned reform of the financial regulation in the UK, for consultation prior to the separation of the Financial Services Authority.

At the same time, the five members of the independent Commission on banks (LAC) also wrote to George Osborne, the Chancellor, "underlines the importance of the promotion of competition in the financial regulatory framework".

IBC, chaired by Sir John Vickers, believes that the protection of consumers and markets Authority — rather than the BoE - should have an "obligation to promote primary effective competition".

Many of the concerns expressed by senior Treasury Board on rehabilitation centre bankers sweeping new powers to the Bank of England, to oversee the new prudential regulation authority (PRA) which will be the responsibility of the FSA supervising the banking system of the United Kingdom.

"As currently constructed there is a lack of independent oversight of the PRA we find disturbing."He is certainly right that elected maintain a key role in the supervision of the financial system, said a source with a large Bank of the United Kingdom.

There are repeated warnings since the Government first announced the dismantling of the FSA on a "responsibility" gap created by the changes, as well as the concentration of power, that it will create at the Bank of England.

Andrew Tyrie MP, Chairman of the Committee of selection of the Treasury Board, spoke on several occasions its fears on the involvement of discount so power organisation.En pursuant to the proposed changes, PRA will report to the Bank of England, and while this will have on its Board of Directors that they have no words to say in his revenge fonctionnement.En independent directors, the FSA has an appeal process to allow regulated companies to challenge decisions, something they can do in the new structure.Pas all banks are understood to be affected by changes and a source to a said they accepted the new structure and look to work closely with the authorities on how best to implement the changes.

Association (BBA British Bankers'), main banking UK trade body has warned the "risk of damage to the reputation of the United Kingdom for the maintenance of a stable and competitive regime", if more than last week was not make responsible for PRA.

Meanwhile, George Osborne, speaking at the meeting of the G20 in southern Korea has championed legislation that take advantage of. ￡ 2 of largest banks of the United Kingdom 5bn.

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The American Investment Bank said it had reserved $3 83bn indemnity in the third quarter that or 43pc revenues. Pot of remuneration, which equates to $370,000 for each Member of staff for the work of nine months is of about smaller 21pc was this time last year, but its size will always controversial light spending review Wednesday.

The Bank said remuneration packages would be lower because profits look set to be low. For the quarter, net income at Goldman was $1. 9bn, off the coast of $3 over the same period last year. Said Goldman has dropped recipes by 28pc to $8. 9bn during the period due to a decrease in its division of trading and principal investments.Commercial revenues also decreased by $ 5 36pc. 6bn.Cependant, banks division of investment bank generated solid results with 24pc $1 billion in revenue.

Lloyd Blankfein, Chief Executive, said that the economic conditions continued to be "difficult" but said he is satisfied with the performance "solid" Bank.

Intense pressure political and public has given that last year Goldman cut the pay-to-revenue 35 8pc ratio lower than level revaled Tuesday results.However initiated says that the pay cut Goldman is vulnerable to staff being poché.En August, the Bank granted a boon mid-term actions for top bankers to reassure their advance on the season this year bonus page.

Separately, Bank of America (BoA) announced a net loss of $7 United (￡ 4 64bn) for the third quarter.Loss, who was three and a half times greater than the loss of $5.3 2 reported during the same period last year, has been hired as a result of having a $ off write to reflect the lowest value of his credit card company.

The Bank, which had already announced the devaluation, said that division would be effected by the new regulation which halt charges affected profits.

Analysts said that otherwise, the results are better prévu.à excluding the charge, BoA reported net income of $3 billion or 27 cents per action.Les results were driven out by smaller credit costs.

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Public sector workers are facing a worsening of their mechanisms of spending cuts pension coalition

Some 49pc workers Crown interviewed by the Chartered Institute of personnel and endorsed the statement "workers have to do what is necessary to protect their jobs and if disrupting public services", which is the price of living in a democratic society than 27pc only in the business world.

Salary reductions were the main reason why staff would be tools, survey a révélé.Autres austerity measures which could cause a strike include reduction proposed pension, salary freeze and job cuts. Public sector workers are confronted with a wage freeze and a worsening of their pension by the coalition mechanisms spending cuts to be unveiled this week.

The survey also revealed that unionized workers private sector will also consider industrial action.2,000 Employees unionized in the public and the private sector, 49pc could walk a reduction of their salaries – nearly twice the number, the 26pc, who said that they would not take part in a strike.

Public sector workers who leave their employers - either through redundancy or in search of better pay voluntarily and perspectives elsewhere — will face a difficult task, a separate investigation.

Search by recruiting firm Hays have shown companies still join a stigma skills and capabilities of workers in the sector public.La vast majority of businesses, 87pc, think public sector lack of candidates sufficient market insight to transfer to the commercial sector, investigation of 348 employers found.

A 90pc more said corporate experience in the public sector is not important for hiring, limiting the attractiveness of long service personal State.

Looming cuts serve as a stark reminder to employers in the public sector to engage staff in explaining the need for downsizing.

However, a 330 employers by the CBI and Harvey Nash survey showed that just 32pc report high levels of commitment personnel.Deux third said commitment is one of their priorities for the coming year.

John Cridland, CBI Deputy CEO stated: "companies are careful recruitment and remuneration, given the fragility of the economy .but they know they cannot allow staff to take for granted and must redouble our efforts to keep employees on board as they prepare for growth."

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