Type
Merger/Acquisition
Country
Denmark
Region
KĂžbenhavns amt;
Location of affected unit(s)
Copenhagen Airport
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

230 jobs
Number of planned job losses
Job loss
Announcement Date
15 September 2005
Employment effect (start)
1 October 2005
Foreseen end date

Description

In August 2005 it was announced that the low-fare airline company Sterling Airlines were taking over the Danish airliner, Maersk Air. In September Sterling announced that 230 employees will be made redundant in connection with the acquisition. The dismissals are divided between administrative staff (180) and mechanics (50); no pilots or cabin crew members will be affected. The new Sterling will be the fourth largest low-fare airliner in Europe.


Sources

  • 15 September 2005: Erhvervsbladet

Citation

Eurofound (2005), Sterling Airlines, Merger/Acquisition in Denmark, factsheet number 62375, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62375.