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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.23 - Service activities incidental to air transportation
700 jobs Number of planned job losses
Announcement Date
26 August 2020
Employment effect (start)
Foreseen end date
Description
Ground service company Swissport Finland has initiated co-operation negotiations over anticipated dismissal of up to 700 employees working at the Helsinki-Vantaa airport located in the capital area. The co-operation negotiations cover all employee groups except for passenger services.
Swissport Finland is currently negotiating for a new contract with Finnish passenger airline Finnair. If the negotiations do not result in a new contract, Swissport Finland will need to make significant redundancies since approximately 85% of Swissport Finland’s revenue comes from Finnair.
According to the company, estimating the final number of redundancies is difficult as the future of passenger air traffic is unclear due to the COVID-19 pandemic. The COVID-19 pandemic has cut the revenue of Swissport Finland by 90% and the company has temporarily laid off 90% of its employees. Finnair, the most significant client of Swissport Finland, recently announced its plan to reduce up to 1,000 employees.
Swissport Finland has 1,350 employees. All of them work at Helsinki-Vantaa Airport located in the capital area of Finland.
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.
