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.
Transportation / Storage Land, Water And Air Transportation Air Transport 51.10 - Passenger air transport
12,000 jobs Number of planned job losses
Announcement Date
29 April 2020
Employment effect (start)
1 July 2020
Foreseen end date
Description
International Aviation Group (IAG), the parent company of British Airways (BA), has announced plans to cut 12,000 jobs and initiated redundancy consultations with trade unions. The proposed cuts would reduce BA’s workforce by 30 per cent and affect pilots, cabin crew and engineering staff.
BA’s chief executive has claimed that it will take years before demand for passenger travel recovers from the effects of the coronavirus crisis and said that the company must take action now. The management also announced that the restructuring would include the renegotiation of terms and conditions of employment for the remaining staff.
The trade unions GMB and Unite have decided not to engage in the negotiations, and Unite argues that the proposed consultation is unlawful. Balpa, the pilot’s union is negotiating with the management - its general secretary said that they reject the changes proposed by the company.
IAG also owns the Spanish airline Iberia and Ireland's Aer Lingus.
Eurofound (2020), British Airways, Internal restructuring in United Kingdom, factsheet number 100942, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100942.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
