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
376 jobs Number of planned job losses
Announcement Date
7 October 2020
Employment effect (start)
Foreseen end date
Description
Manchester Airports Group (MAG) has announced that it will start negotiations with trade unions about plans to cut 376 front line jobs at London Stansted Airport.
The chief executive of MAG said the job cuts were necessary because there had been a 90% fall in passenger numbers compared to 2019 in the wake of the COVID-19 pandemic and with the UK government’s Coronavirus Job Retention Scheme was coming to an end in October, the group had to consider how many jobs it can sustain.
A representative of the trade union Unite said Unite aims to reduce job losses at Stansted airport and 'seek to ensure that any eventual redundancies are voluntary'.
London Stansted Airport is the UK’s fourth largest airport, which directly employed 1,600 people before the start of the coronavirus crisis.
Eurofound (2020), London Stansted Airport, Internal restructuring in United Kingdom, factsheet number 102216, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102216.
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