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.
Ryanair, the Irish low-cost airline, plans to reopen its bases at Tenerife and Lanzarote airports (Canary Islands) by the summer of 2023. The opening of these bases will create 120 jobs for pilots, cabin crew and engineers (60 at each airport). Ryanair estimates an investment of 400 million euros at both sites, with four aircraft and six new routes. The two new bases will mean a 10% growth in the company's operations in the Canary Islands, reaching 520 flights a week.
During 2022, previous business expansions have been recorded in the ERM datatbase. See the company's expansion in Ireland of 2,000 employees (Ryanair-2022-IE), including 200 new jobs in Shannon, County Clare (Ryanair-2022a-IE) and 150 new employees at Dublin airport (Ryanair-2022b-IE). In the same year, Ryanair has also expanded airport staff by 600 in Austria (Ryanair-2022-AT) as well as by 600 in Wroclaw airport (Ryanair-2022-PL) and 400 new roles at Krakow airport, Poland (Ryanair-2022a-PL).
Eurofound (2022), Ryanair, Business expansion in Spain, factsheet number 107969, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107969.