Type
Closure
Country
Spain
Region
Este; Illes Balears;
Location of affected unit(s)
Palma de Mallorca
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

300 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2008
Employment effect (start)
Foreseen end date

Description

The low cost Spanish airline LTE International Airways S.A. is to close with the consequent loss of 300 jobs.  LTE will present a Dossier of Employment Regulation (Expediente de Regulación de Empleo - ERE) which will affect the entire ‘low cost' work force, at a voluntary creditors meeting. The 300 workers affected are distributed between the head office at Palma and bases in Tenerife, Las Palmas and Lanzarote.


Sources

  • 5 December 2008: Cinco Días

Citation

Eurofound (2008), LTE Airways, Closure in Spain, factsheet number 68036, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68036.