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.
On 3 November 2017, the British airline EasyJet announced that it will take over 1,003 Air Berlin employees between January 2018 and September 2018 as part of the take-over of 25 Air Berlin aircrafts. EasyJet and the United Services Union (Ver.di) agreed to following terms: EasyJet will offer affected employees German employment contracts based on rates negotiated by Ver.di. Furthermore, employees will receive a transitional allowance between €800 and €40,000 depending on their qualifications and the time they have to wait before starting work at EasyJet. Lastly, both EasyJet and Ver.di agreed on terms regarding a relocation of crews from Hamburg and Schönefeld to Tegel. Details have not been published.
It is expected that the competition authorities will agree to the take-over in December.
See also Air Berlin bankruptcy (Air Berlin, 2017) for further information.
Eurofound (2017), EasyJet, Business expansion in Germany, factsheet number 92488, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92488.