Reading Time: < 1 minute Finnair starts co-operation negotiations on its plan to reduce up to 1,000 jobs, to make other structural changes and to implement additional temporary layoffs due to the impacts of the corona pandemic. The co-operation negotiations concern approximately 2,800 employees working at Finnair in Finland, and similar processes are conducted in Finnair’s units abroad. Finnair employs […]
Reading Time: < 1 minute Responding to the current situation, low demand and impacts of the crisis, Bombardier Aviation has announced about upcoming workforce cuts – by approximately 2,500 employees. After the coronavirus pandemic began spreading, Bombardier Aviation suspended manufacturing operations. Now with business jet deliveries, industry-wide, forecasted to be down approximately 30% year-over-year due to the pandemic, Bombardier must […]
Reading Time: < 1 minute Rolls-Royce announced about some structural changes necessary to adjust business operations to the current situation, as demand from customers reduces significantly for our civil aerospace engines and aftermarket services. Among the most harsh measures would be cut of at least 9,000 jobs out of global workforce of 52,000. The company will also cut expenditure across plant […]
Reading Time: 2 minutes Boeing says it is already deeply feeling the impacts of the current crisis and reveals some drastic measures for the future to secure business and adjust operations to a significantly lower demand. In a letter to employees, Boeing President and CEO Dave Calhoun has explained that the coronavirus pandemic made aviation almost stop. Airlines have […]
Reading Time: < 1 minute The coronavirus pandemic has hardly hit business of British Airlines. The parent company of the carrier has announced that British Airways will cut up to 12,000 jobs. According to International Airlines Group (IAG), in order to align operations with a low demand for air travel, British Airways needs to implement “restructuring and redundancy programme“. “The […]
Reading Time: < 1 minute Further responding to the crisis and adapting operations to a lower air travel demand, SAS has announced it will cut up to 5,000 full-time positions. Considering the fact that demand for passenger air services will remain low for the rest of 2020 and will reach the pre-crisis levels only in several years, the airline said […]
Reading Time: < 1 minute Ryanair, an Irish low-cost carrier, has warned about upcoming job cuts mainly amid falling earnings, delayed deliveries of still grounded Boeing 737 MAX aircraft and ongoing Brexit uncertainties. Just recently Ryanair announced a 21% drop in quarterly earnings which happened due to higher fuel costs, faltering economies and a fare war. Last month the carrier […]
Reading Time: 2 minutes Ryanair’s Board approved a plan to cut its Dublin based fleet from 30 to 24 aircraft for the winter 2018 season. These reductions have been driven by the rapid growth of Ryanair’s Polish charter airline. This airline is growing profitably in 2018, allied to a down turn in forward bookings and airfares in Ireland partly […]
Reading Time: < 1 minute Air Seychelles is planning to fire 174 employees, including nearly 100 cabin crew, as a part of the restructuring drive in the wake of turbulence within the Etihad Aviation Group, the Seychellois airline’s largest shareholder, following the demise of Air Berlin, financial troubles at Alitalia, and growing international competition, the Seychelles News Agency has reported. […]
Reading Time: < 1 minute Air Zimbabwe, the national carrier of the southern African nation, has reportedly made almost half of its 400-plus staff redundant as it battles chronic financial problems. The Zimbabwe flag carrier has been in a perilous position for years, with debts estimated at $330 million. Its fleet has shrunk to just a few aircraft. The Harare-headquartered […]