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 51.1 - Passenger air transport
2,000 jobs Number of planned job losses
Announcement Date
14 January 2021
Employment effect (start)
14 January 2021
Foreseen end date
Description
Norway-based low-cost airline Norwegian Air Shuttle, trading also as Norwegian, has announced that it will cut about 2,000 jobs worldwide.
The restructuring programme is related to the COVID-19 pandemic and its impact on the air travel sector. The CEO of Norwegian Air said the company will discontinue its long-haul operations, including transatlantic flights. The company will focus on its short-haul European network. In the UK, the airline is to close its base at London’s Gatwick Airport, but also the bases operating in the US, Italy, Spain and France (286 jobs) will be closed.
Additionally, Norwegian Air is trying to get public aid and has started negotiations with the Norwegian government.
Norwegian Air Shuttle, founded in 1993, is Norway’s largest airline and the fourth largest low-cost carrier in Europe: it operates over 500 routes to more than 150 destinations worldwide. The company and its subsidiaries employ more than 11,000 staff.
Eurofound (2021), Norwegian Air Shuttle, Internal restructuring in World, factsheet number 103192, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103192.
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