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.
The Norwegian group, Norwegian air, has announced the closure of its homebase in France with 286 job cuts. The airline has just announced that it is discontinuing its long-haul operations with 2,000 job cuts worldwide. As the company's French base only operates long-haul flights, the management has announced that it has started bankruptcy proceedings in France. The decision concerns 286 people: 145 pilots, 136 cabin crew and 5 administrative employees are employed by Norwegian on the Roissy CDG airport site. They will therefore be dismissed.
The employees have demonstrated on 23 February. According to the SNPL Norwegian union that the company intends to cut losses by stopping to pay long-haul wages and is seeking to avoid paying redundancy payments provided for in French labour law. Since the beginning of the COVID-19 health crisis last March, Norwegian France has obtained the approval for a partial activity scheme for all employees, who were placed in 100% inactivity. Due to the fact that the low cost company has received several million Euro in public subsidies in this framework since March 2020, the SNPL solemnly calls on the government to 'keep a very close eye on this liquidation procedure, to ensure that Norwegian will fulfil all its obligations towards its French employees'.
Eurofound (2021), Norwegian Air, Bankruptcy in France, factsheet number 103646, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103646.
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