Tag: job cuts

Structural Changes at Rolls-Royce: Cut of at Least 9,000 Jobs

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 […]

Boeing To Cut Staff by 10% and Reduce Production Rates

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 […]

British Airways to Cut up to 12,000 Jobs Due to the Crisis

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 […]

SAS to Cut 5,000 Jobs to Adapt Its Business to Lower Demand

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 […]

Ryanair Plans Hundreds of Pilot and Cabin Crew Job Cuts

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 […]

Ryanair Warns of Job Losses after Cutting Dublin Fleet by 20%

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 […]

Air Seychelles to Lay off 150+ Staff

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. […]

Air Zimbabwe Cuts Half Its Workforce

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 […]

Singapore Airlines Considers Job Cuts

Reading Time: 2 minutes Singapore Airlines may consider cutting staff numbers, CEO Goh Choon Phong told reporters at the International Air Transport Association meeting in Cancun, Mexico, this week. The revelation comes after a surprising Q4 net loss of SGD138 million (USD100 million) which saw operating profits for the 2016-17 financial year down 8.5% to SGD623 million (USD451 million). […]

Slowing Aircraft Sales Sees Boeing Lay Off More Engineers

Reading Time: < 1 minute Following on from the announcement that 245 workers are to be laid off on May 19 after action taken by Boeing in January and March this year, the commercial airplanes unit has warned employees that hundreds more engineers are likely to be affected by another round of involuntary layoffs. It is understood these will begin […]