Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Edinburgh Airport has announced that it has started a consultation with employees about job cuts in the wake of the Covid-19 pandemic.
The CEO said that the consolidation plan to protect the business includes cutting 100 jobs and offering unpaid leave to staff. However, representatives of Unite the Union said that there could be 248 redundancies, in addition to the 120 Swissport jobs and Menzies Aviation jobs at risk at the airport.
A regional officer of Unite said that the Airport’s proposal for job and pay cuts would have catastrophic impact on employees.
Edinburgh Airport is Scotland’s busiest airport, normally serving over 14 million passengers a year. It is owned by the US-based investor, Global Infrastructure Partners (GIP).
Update 31/07/2020
Edinburgh Airport has announced that it will cut 250 jobs, a third of its workforce by the end of October. The job cuts will affect all areas of the business, from management to frontline staff and include both compulsory and voluntary redundancies.
Eurofound (2020), Edinburgh Airport , Internal restructuring in United Kingdom, factsheet number 100136, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100136.