Tag: restructurization

Lufthansa to Restructure Eurowings after Profits Warning

Reading Time: 1 minute Struggling to compete with the likes of Ryanair, easyJet and Wizz on pricing since taking over large parts of Air Berlin, Lufthansa is looking to restructure its low-cost subsidiary in a bid to reduce running costs by up to 15 percent over the next three years. In concentrating more on short-haul flights, the intention is […]

Rolls-Royce to Axe 4600 Jobs in Major Restructuring

Reading Time: 1 minute As part of its restructuring, Rolls-Royce has confirmed that 4,600 jobs are to go worldwide, including 3,000 positions based in the UK, the majority being managerial and administrative roles. The company has not ruled out the need for compulsory redundancies. It has also been confirmed that some engineers will also be leaving, predominantly those in […]

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. […]

Airbus Group to Cut Net Total of 934 Jobs

Reading Time: 1 minute European planemaker Airbus is to cut a net total of 934 jobs as part of a previously announced restructuring aimed at stripping out bureaucracy and simplifying its brand. Airbus Group said it would be cutting 1,164 jobs while also creating around 230 positions in other areas – confirming details released earlier by a French trade […]