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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
2,000 jobs Number of planned job losses
Announcement Date
30 August 2007
Employment effect (start)
Foreseen end date
Description
BAA, a firm that operates airports in the UK, is to cut up to 2,000 jobs. The firm told The Times, a British newspaper, that cuts would be made at most departments and that the firm was conducting a review of costs at each of its seven locations locations in the UK. The firm owns Heathrow, Gatwick, Stansted, Edinburgh, Glasgow, Aberdeen and Southampton airports. It was also reported by The Times that BAA were considering selling one of its sites, and that all areas of operations, with the exception of security, faced redundancies. A BAA spokesman stated:
'This is a simplification exercise aimed at support staff much more than frontline staff. It's not simply about costs. It's about building a much leaner and more efficient business.'
BAA has a 60% market share of all UK passenger flights, including a 90% share in the south of England. The firm, which was last year acquired by the Spanish group Ferrovial, has also been the subject of criticism in recent months. London Major Ken Livingstone, senior business figures and flight operator British Airways have all criticized the manner in which the firm runs its operations. BAA is also currently being investigated by the UK Competition Commission over whether or not the firm engages in a monopoly of its market. As of August 2007, information on when the job losses will be implemented is unavailable.
Sources
30 August 2007: BBC News
30 August 2007: The Times
Citation
Eurofound (2007), BAA, Internal restructuring in United Kingdom, factsheet number 65783, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65783.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
