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.
The Hungary based airline Wizz Air Group has announced that it will hire 4,600 pilots worldwide by 2030. The business expansion will cover all 43 of the airline’s bases located in Europe and the Middle East. Wizz Air is to recruit both experienced staff and candidates with no flying experience as the airline operates its Wizz Air Pilot Academy Program which gives the opportunity to obtain a commercial pilot’s license. To exceed its pre-pandemic capacity this summer, the company has trained 150 pilots since January 2021, with another 300 hires set to take place by the end of the year. Additionally, Wizz Air is recruiting cabin crew members across its bases. The carriers revealed that it added dozens of new bases and in commenced over 300 new routes across its network in 2020-2021.
Headquartered in Hungary, Wizz Air operates flights from 49 countries, flying to 191 destinations and 800 routes.
In April 2020, the airline announced a restructuring programme affecting 1,000 jobs worldwide.
Eurofound (2021), Wizz Air, Business expansion in World, factsheet number 105149, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105149.