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

120 jobs
Number of planned job losses
Job loss
Announcement Date
28 April 2003
Employment effect (start)
Foreseen end date

Description

The restructuring cuts 120 jobs in an attempt to squeeze out £20 millions of annual savings.

Job losses at CitiExpress will largely hit support staff rather than pilots or cabin crew. The airline is looking for a 5% increase in productivity and an operating margin of 8%, urging staff to "work harder and work smarter".


Sources

Citation

Eurofound (2003), CitiExpress, Internal restructuring in United Kingdom, factsheet number 59905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59905.