London Gatwick Airport to Cut 600 Jobs as it Adapts to Reduced Operations
August 26 2020 - 11:28AM
Dow Jones News
By Adriano Marchese
London's Gatwick airport will lay off around one-quarter of its
employees across the business in a company-wide restructuring as it
adapts to the effects of the coronavirus pandemic.
The airport--which is owned by Vinci Airports and a consortium
of investors managed by Global Infrastructure Partners--said
Wednesday that it plans to significantly restructure its business
to reduce operating and staff costs as the pandemic has hit
passenger and traffic numbers.
This will include removing around 600 job roles, which is
approximately 24% of the current number of employees, it said.
Gatwick said that in August passenger numbers were down over 80%
down when compared with the same month in 2019.
Gatwick airport is the U.K.'s second largest airport, and flies
both short and long-haul flights. It noted that it still has over
75% of its staff on the U.K. government's job retention scheme,
which is due to end in October.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 26, 2020 11:13 ET (15:13 GMT)
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