jet2 job losses

Jet2 said it would have to axe nearly 500 staff – more than 100 pilots and about 380 cabin crew – due to the collapse in air travel. As of this writing, its remaining seating capacity was heavily skewed in Spain's... VietJetAir (VJ, Hanoi) has asked the government to encourage commercial banks to offer it soft loans of VND4 trillion dong (USD173 million), for which it would pay the principal and interest in 2023-2025, local media reported. It also affects package-holiday sister firm Jet2holidays. ch-aviation GmbH Friendly flight times to sun, city and ski destinations are all yours to enjoy. - 17.11.2020 - 14:50 UTC. Over 100 Jet2 pilots could lose their jobs (Image: JET2HOLIDAYS) “Despite being one of our least union friendly airlines, I hope Jet2 negotiates in good faith and works with us on how we can mitigate these proposed losses and see Jet2 thrive in the future. Jet2 flights were stopped last March before restarting gradually from mid-July The firm made a pre-tax loss of £68.7million in its most recent half-year results By Harry Wise For This Is Money At the start of the current winter 2020/21 season, easyJet held 376 weekly slots at Stansted, including two held by easyJet Europe (EC, Vienna). Jet2 is the latest airline to begin consulting on redundancies as the aviation industry struggles to cope with the collapse in demand caused by the coronavirus pandemic. Leeds/Bradford-based Jet2 operates bases in the United Kingdom at Belfast Int'l, Birmingham Int'l, East Midlands, Edinburgh, Glasgow Int'l, London Stansted, Manchester Int'l, and Newcastle, GB airport, as well as Alicante and Tenerife Sur airport in Spain. I report on the Group's trading performance for Jet2.com, our award-winning leisure airline and Jet2holidays, our acclaimed ATOL licensed package holidays tour operator, for the half year ended 30 September 2020.. Vietnam’s carriers will continue to experience liquidity difficulties in the next two to three years, she added. 7000 Chur Chairman's Statement. Budget airline Jet2 has confirmed plans to axe more than 100 pilots across the UK, as coronavirus continues to hit the ailing aviation sector. Share on Twitter (opens new window) Switzerland, Phone: +41 (0) 44 508 47 07 Job losses, Chilango, rents, Jet2, Carnival, G4M & other: PREMIUM EMAIL – PLEASE DO NOT FORWARD: A DAY IN THE LIFE: The number of out-of-office replies to our morning email has been multiplying in recent days and, rather than try to beat them, Langton will be joining them. UK job losses: retail redundancies ... Jet2 – 500 jobs. The leisure specialist issued a preliminary notice to BALPA in June informing it of the plan, which it said had to be implemented due to a “reassessment and reduction” of its flight programme for the remainder of 2020 and for 2021 as covid-19 continues to disrupt travel. Jet2.com benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Canaccord Genuity and Jefferies acted as joint global coordinators, joint bookrunners, and joint brokers while Cenkos Securities plc acted as nominated adviser. “Despite being one of our least union-friendly airlines, I hope Jet2 negotiates in good faith and works with us on how we can mitigate these proposed losses and see Jet2 thrive in the future. Reported anonymously by Jet2.com employees. © 1998-2021 ch-aviation GmbH. As such, it has yet to confirm its expanded network out of Stansted. Despite enormous efforts to work with Jet2 to find ways of saving these jobs, the airline is insisting on 102 redundancies.”, He added: “This will be a particular kick in the teeth as many of those who may lose their jobs had recently joined the airline after having been dismissed from Thomas Cook Group, which went into administration last year.”, Strutton called for more government support for the industry, whose changes to quarantine rules “keep throwing every restart plan into chaos. There are reports that as many as 380 cabin crew staff will lose their posts. Jet2 is not due to resume flying until July 15, which means that its entire fleet will have been grounded for more than three months. UK's Jet2 confirms 102 pilot job losses. "Once again, I reiterate my call for the Government to step in, call for a job "Based on the indicative scenario planning undertaken by management, the Board believes that the proceeds will provide sufficient liquidity on an extended and likely unpredictable shutdown basis to deal with this continually challenging trading environment," Philip Meeson, Executive Chairman of the Group, commented. Jet2 has cancelled flights up to and including April 14, 2021. "We cannot say how much we regret these proposed redundancies and we will be consulting with appropriate representatives of the affected colleagues in order to ensure that all options and issues are fully considered.". Best Jobs in the UK 2021 NEW! In early August, the low-cost carrier ramped up its capacity to Greece and Turkey after deciding to cancel all flights to Spain due to the British government's abrupt reimposition of quarantine rules on July 26. Login attempt failed, please enter a valid Employee ID number. Cuts at Boeing. In the slot swap request, Ryanair filed a placeholder schedule using the same destinations as previously operated by easyJet. UK's Jet2 to open Bristol base in 2Q21 17.11.2020 - 04:30 UTC. A Jet2 spokesperson said: "We have had to reassess and reduce our flying programme for the remainder of 2020 and for 2021. Jet2 (LS, Leeds/Bradford) has announced it will open its tenth British base on April 1, 2021, basing three aircraft out of Bristol Int'l airport.. cuts moratorium and work on a strategic support package to help this industry get through this crisis." “Many of the pilots whose jobs are on the line in Jet2 have just recently moved there after having lost their jobs at Thomas Cook. The United Kingdom is enduring a third nationwide lockdown with people required to remain home amid a resurgence in COVID-19 infections. “Many of the pilots whose jobs are on the line in Jet2 have just recently moved there after having lost their jobs at Thomas Cook – these pilots have been through the mill already. EasyJet, British Airways, Jet2 and more speak out when on flights may resume again It is the latest airline to begin consulting on redundancies as the aviation industry struggles to cope with the collapse in demand caused by the coronavirus pandemic. The news comes after Boeing, the jet manufacturer, last night announced plans to dismiss more than 12,000 workers. Includes job entry requirements, fleet details and employment outlook. June 24: Swissport - 4,556. Invalid Email. Full list of job losses by British employers since the start of coronavirus pandemic. This is yet more evidence, if it were needed, of the free-fall in aviation and the knee-jerk way airlines are responding, especially as lockdown is gradually being eased. Your login is your Employee ID number. Want to receive the latest aviation news delivered right to your mailbox every week? Quaderstrasse 8 All rights reserved. Jet2 (LS, Leeds/Bradford) has confirmed a plan to make 102 pilots redundant across most of its bases, the British Airline Pilots Association (BALPA) said in a statement on August 16. EasyJet chief executive Johan Lundgren told Sky News that the UK government's quarantine policy for international travellers will hit the airline industry hard. All in all I would avoid working for Jet2 like the plague unless you know someone who works in … It is the second total suspension of Jet2's operations caused by the pandemic. Whilst we have every confidence that we will bounce back from the unprecedented demands currently placed on the Company, we sadly do have to make difficult decisions in the current climate. There are pros to the job, some of the crew that you work with will become your closest friends and the pay can be good some months depending how you do with commission. Best 2-in-1 laptops 2021: top laptop-tablet hybrids. In a stock market filing, the Jet2 (LS, Leeds/Bradford) parent said it had grossed total proceeds of approximately GBP422 million through the fundraise which comprised 35,166,654 Placing Shares and subscriptions for 593,561 Retail Shares, in each case at a price of GBP1.18 (USD1.63) per ordinary share. If these quarantines are really needed, the government must stump up support to help the airline industry, which is doing its best to get back on track but keeps being knocked back at every juncture.”. Other airlines have already announced job cuts and restructuring programmes as they fight to stay in business. The fundraise, which Jet2 plc said was significantly oversubscribed, represented 20% of its existing issued ordinary share capital immediately prior to the placing. HSBC targets job losses and Asia focus as annual profits fall 34%. Home---> Europe (Major/National/Low Cost) pilot jobs ---> UK (Change operator name/classifications) Red text indicates fields that … "Furthermore, the Directors believe the Fundraise will enable management to continue to adopt a... Jet2 (LS, Leeds/Bradford) has suspended all flights through to the end of the current winter season, citing the ongoing uncertainty and travel restrictions caused by the COVID-19 pandemic. Jet2 (LS, Leeds/Bradford) has confirmed a plan to make 102 pilots redundant across most of its bases, the British Airline Pilots Association (BALPA) said in a statement on August 16. "These pilots have been through the mill already. All Bar One, Toby Carvery and Harvester owner Mitchells & Butlers has confirmed around 1,300 jobs have been axed as it revealed the pandemic sent it plunging to a £123 million annual loss. Baggaley, the chief credit analyst for airlines at Standard & Poor’s, said 20 to 30 percent of airline jobs could be eliminated through buyouts and early retirement offers in addition to job cuts. He says job cuts will have to be considered (Image: AFP via Getty Images) Read More Related Articles. Speaking at a seminar titled “Overcoming crisis, developing Vietnam’s aviation sustainably”, the carrier’s chief financial officer, Ngọc Yến Phương Hồ, revealed that the company had incurred substantial losses over the last nine months, forcing it to sell assets, slash wages by 50% to 70%, and pay minimum salaries of VND8-10 million (USD350-430) to many staff. Get great value and first-rate service when you fly with award-winning Jet2.com. UK leisure specialist Jet2 plc says it has raised GBP422 million pounds (USD584.2 million) via a new share issuance to existing shareholders and new investors. By using this site, you agree we can set and use cookies. Brian Strutton, the general secretary if the pilot's union Balpa, said: "Many of the pilots whose jobs are on the line in Jet2 have just recently moved there after having lost their jobs at Thomas Cook. Airline Jet2 is to make 102 pilots redundant after ... to work with Jet2 to find ways of saving these jobs, ... in temporary pay cuts for UK crew in exchange for no job losses. The swap confirms that easyJet will retain 58 weekly slots, while easyJet Europe will hold an additional pair, which it currently uses for services to Amsterdam Schiphol. Jet2.com pilot jobs and payscales. While the latest restrictions are set to run through to mid-February, Jet2 said in a statement its suspension would run through to and including March 25, 2021. But did say redundancies are proposed across the business. The airline would not confirm job numbers. Airline Jet2 has informed its pilots that they intend to make 102 redundancies as the coronavirus pandemic continues to batter the industry. Last month, the National Assembly of Vietnam approved a VND12 trillion (USD520 million) bailout for majority state-owned Vietnam Airlines (VN, Hanoi), including low-interest loans worth VND4 trillion. Sign In. The British LCC announced earlier this year that it would close its base at Stansted, although it said it would continue serving the airport from other bases. As the UK Government’s furlough scheme winds down, ... Jet2 - 102. The union insisted that Jet2 was pressing ahead with the cuts despite a range of alternative options it had put forward. Sadly, the overall effect of these reductions has been the need to propose a number of colleague redundancies across our business. BALPA general secretary Brian Strutton said the announcement “is yet another [case] which shows the desperate state of the British aviation sector. Login attempt failed, please enter a valid Employee ID number. The leisure specialist grounded all aircraft for four months between March 17 and July 15, 2020. For travel beyond March 26, Jet2 said it would issue an update closer the time when it has a clearer picture of events. Ryanair (FR, Dublin Int'l) will take over 312 weekly slots at London Stansted airport from low-cost carrier rival easyJet (U2, London Luton) at the onset of the summer 2021 season, a slot-swap notice has shown. Put forward the cuts despite a range of alternative options it had put forward lockdown people! Effect of these reductions has been the need to propose a number of colleague redundancies our! Destinations as previously operated by easyJet months between March 17 and July 15, 2020 by Jet2 cut! 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