Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
London
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

700 - 800 jobs
Number of planned job losses
Job loss
Announcement Date
11 March 2010
Employment effect (start)
Foreseen end date

Description

London Underground is to cut up to 800 jobs under plans to make savings of £16m a year. The cuts will include 100 managers, 450 ticket office posts and up to 200 other jobs. The company said it had completely ruled out compulsory redundancies and would look at re-deploying staff. The redundancies are blamed on the increasing use of the pre-paid Oyster card, and a "sharp decline" in tickets sold at station ticket offices in recent years.


Sources

  • 11 March 2010: BBC News

Citation

Eurofound (2010), London Underground, Internal restructuring in United Kingdom, factsheet number 70291, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70291.