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.
Heathrow Airport Limited, the company that runs London's Heathrow Airport, has announced plans to cut a third of frontline jobs, such as security officer, engineer and fire service roles, putting 1,800 jobs at risk of redundancy. The airport has already offered the option of voluntary redundancy to affected staff.
The chief executive officer said that despite their efforts, the company could no longer 'protect front-line jobs' and warned that further job reductions were possible as the aviation industry struggled with the longer term effects of the COVID-19 pandemic.
Trade unions representing Heathrow employees have agreed to the terms of voluntary redundancies, however, the trade union Unite has criticised plans to cut further jobs and change the terms and conditions of employment for remaining employees, arguing that the changes were motivated by 'greed', rather than 'need'.
Heathrow is the busiest Airport in the UK and in the whole of Europe, directly employing 7,500 people.
Update 02/09/2020: Heathrow Airport started formal redundancy consultations with 4,700 employees working as engineers, security staff and in airside operations. The consultations may lead to 1,200 compulsory job losses.
Eurofound (2020), Heathrow Airport, Internal restructuring in United Kingdom, factsheet number 101286, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101286.
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