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.
London; Outer London; Outer London - East and North East
Location of affected unit(s)
London City airport
Sector
Transportation / Storage Land, Water And Air Transportation Air Transport 51.10 - Passenger air transport
239 jobs Number of planned job losses
Announcement Date
14 September 2020
Employment effect (start)
Foreseen end date
Description
London City airport has announced a restructuring plan, leading to 239 jobs, more than a third of its workforce, being cut. Consultation with the affected staff members have already started.
The airport’s chief executive said difficult decisions had to be made to 'enable the airport to bounce back in a better shape' when air travel returns to its normal levels after the COVID-19 crisis.
London City airport is situated in east London and serves a largely business clientele. The airport was closed for three months in the spring, after reopening in late June, it is now operating only a few routes. Most staff were on the Coronavirus Job Retention Scheme, which comes to an end in October.
Eurofound (2020), London City Airport, Internal restructuring in United Kingdom, factsheet number 102025, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102025.
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.
