Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

EasyJet To Close Stansted, Newcastle And Southend Bases

Mon, 17th Aug 2020 15:21

(Alliance News) - Budget airline easyJet PLC has confirmed plans to close its bases in Stansted, Southend and Newcastle as the company tries to slash costs at the airports where 670 people work for it.

The company said that it will push ahead with the plans that it revealed in June, as it started consulting with staff over the future.

In May, easyJet had said it was going to cut as much as 30% of its workforce. It has now completed a consultation with the unions and will start talking to individual members of staff.

Around 670 pilots and crew work at the three bases that are going to be closed.

"We have had to take the very difficult decision to close three UK bases as a result of the unprecedented impact of the pandemic and related travel restrictions, compounded by quarantine measures in the UK which is impacting demand for travel," said Chief Executive Johan Lundgren.

He added: "Working closely with our employee representatives, I am pleased that we have been able to identify ways to significantly reduce the number of proposed compulsory redundancies through providing enhanced voluntary redundancy packages for all UK crew alongside additional options like part-time and seasonal contracts, base transfers and unpaid leave which we expect to result in reducing the number of job losses overall.

"We would like to reassure customers due to fly from these airports that we are now contacting anyone whose flight is affected with clear advice on their options, which include rerouting via alternative airports or receiving a full refund.

"I know this is a very difficult time for our pilots and crew and I would like to thank them for their continued professionalism."

EasyJet said that by consulting with Unite, 93% of the cabin crew who were at risk of compulsory redundancy chose an enhanced voluntary redundancy instead.

The airports will close from the beginning of next month, and customers who are affected will be told how to get a refund or to fly from another site.

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News
8 May 2024 16:54

LONDON MARKET CLOSE: Shares rise as eyes turn to Bank of England

(Alliance News) - Stock prices in London closed higher on Wednesday, with the FTSE 100 achieving another record high and markets in a confident mood a...

7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2% *

7 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 driven higher by US rates optimism

(Alliance News) - Stock prices in London closed higher on Tuesday, in a strong start to the new week, with US interest rate optimism supporting equiti...

7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from t...

7 May 2024 14:37

Ryanair leads airline shares lower after warning over summer fares

MILAN, May 7 (Reuters) - Shares in Ryanair fell more than 4% on Tuesday, leading the broader European airline sector lower after CEO Michael O'Leary...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.