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 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".
Eurofound (2003), CitiExpress, Internal restructuring in United Kingdom, factsheet number 59905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59905.