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 Portugal-based White Airways from the charter airline - Omni Aviation SGPS group - will proceed with a collective dismissal of 120 workers: 60 cabin crew, 50 pilots and 10 administrative crew. The bad financial situation of the company is the main reason pointed out by the company. Since the end of October, after the loss of the contract with TAP, White Airways' financial situation has deteriorated significantly.
In the next year, the charter company will operate only with minimum services of 40 employees in order to avoid losing the Air Operator Certificate.
Eurofound (2022), White Airways, Internal restructuring in Portugal, factsheet number 107793, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107793.