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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.23 - Service activities incidental to air transportation
200 jobs Number of planned job losses
Announcement Date
26 June 2020
Employment effect (start)
26 June 2020
Foreseen end date
Description
As announced on 26 June 2020, Germany’s Flughafen Hamburg (Hamburg airport) will be cutting 200 jobs by 2023 due to internal restructuring. The executive director of Hamburg Flughafen is expecting financially hard times for the airport, with €100 million in losses. Passenger volume is expected to be 9 million lower than in 2019. A return to normal pre-COVID levels of activity for the aviation sector can be projected for 2025 according to the announcement. The job reduction will be achieved without recourse to compulsory redundancies.
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.
