Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

130 - 400 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2003
Employment effect (start)
1 February 2003
Foreseen end date

Description

Ryanair has recently acquired Buzz which needs, following Ryanair words, a major restructuring.

After negociations, Ryanair will keep 130 workers from the ex-Buzz company. The 470 other workers will be kept by KLM in London.


Sources

  • 14 April 2003: Les Echos

Citation

Eurofound (2003), Buzz, Merger/Acquisition in United Kingdom, factsheet number 58880, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/58880.