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
300 jobs Number of planned job creations
Announcement Date
24 August 2021
Employment effect (start)
24 August 2021
Foreseen end date
Description
Ireland-based airline Ryanair will launch 26 new routes from Lisbon, Porto and Faro, Portugal, which will create 300 new jobs. The new positions will include engineers, pilots and cabin crew. The company's president, Michael Kevin O'Leary, states that they will be "well-paid jobs". Raynair will invest almost €255 million in three new planes in Lisbon, moving to seven planes in total.
Ryanir has accused the airline TAP of artificially blocking slots in Lisbon's airport, impeding the expansion of other airlines. The Ryanair Chairman states that the company will be able to have 200 slots per week in Lisbon if slots at the airport are not blocked by the Portuguese flag airline TAP.
Eurofound (2021), Ryanair, Business expansion in Portugal, factsheet number 105407, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105407.
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.
