Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

800 - 1,000 jobs
Number of planned job losses
Job loss
Announcement Date
19 January 2005
Employment effect (start)
Foreseen end date
30 June 2006

Description

Swiss will reduce its aerial fleet by no less than 13 aircrafts, mainly in Europe. It will also reduce employment, in order to save €200 million until 2007. The carrier searches for a partner, which would take over, due to the restructuring, the axed routes.


Sources

  • 19 January 2005: Rzeczpospolita

Citation

Eurofound (2005), Swiss, Internal restructuring in European Union, factsheet number 61050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61050.