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.
Transportation / Storage Land, Water And Air Transportation Air Transport 51.10 - Passenger air transport
336 jobs Number of planned job losses
Announcement Date
19 May 2020
Employment effect (start)
28 May 2020
Foreseen end date
Description
Ryanair, the Irish budget airline, has confirmed its restructuring plans, which imply the redundancy of 336 pilots at its UK base at London Stansted Airport. The company is also proposing pay cuts and a reduction of terms and conditions for its remaining employees. Ryanair’s chief executive explained that the redundancies were 'unavoidable' as passenger numbers have fallen sharply in the wake of the COVID-19 pandemic.
A representative of the pilots’ union BALPA, commented that Ryanair’s decision to cut jobs was hypocritical, given that the company had accepted financial support from the UK government.
Ryanair was founded in 1984 in Ireland – the company, currently, has 19,000 employees and London Stansted Airport is its largest base.
Eurofound (2020), Ryanair, Internal restructuring in United Kingdom, factsheet number 100944, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100944.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
