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-based aviation services company, Menzies Aviation has announced plans to cut around 318 jobs from its UK workforces located at Edinburgh and Glasgow airports. Before the pandemic, the company provided fuelling, ground handling and cargo handling services at 200 airports around the globe. The company has commenced a 45-day consultation period with staff. Some 160 workers based at Glasgow Airport and around 150 workers based at Edinburgh Airport will face redundancy at the end of the consultation period.
The job losses will result in the workforce halving in size at both airports. The plans to reduce its workforce come after the company either cut or furloughed more than 17,500 jobs worldwide in March (e.g. Denmark - 155job losses) in response to the unprecedented decline in global air travel due to the Coronavirus pandemic.
Eurofound (2020), Menzies Aviation, Internal restructuring in United Kingdom, factsheet number 101267, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101267.