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.
French airline Air France is to cut 800 jobs by 2017. The company has announced the cuts to its Central works council, on 30 April, in the framework of the new restructuring plan « Perform 2020». Negotiations on a social plan with the union started in May 2015. The end of the negotiation is expected in October 2015 allowing Air France to open a voluntary departure plan in November.
This is the third restructuring plan for Air France: the first in 2010 lead to 5,000 job cuts, the second between June 2012 and June 2013 cut about 5,122 employees and the last one downsized its workforce by 1,826 employees in 2014. Despite the previous reorganisation, the company is still not competitive in comparison to other EU airlines or Persian Gulf airlines. According to unions, measures may affect all employees including pilots that have been spared in recent reorganisations. With “Perform 2020” Air France wants to increase personnel flight hours, to remove the most unprofitable routes (mainly long-haul routes), to upgrade the comfort of its business cabin and forge new partnerships in Asia. In autumn 2014, the Air Frances’ pilots stroked for 14 days, which cost the company €500 million.
Eurofound (2015), Air France, Internal restructuring in France, factsheet number 83607, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83607.
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