Swissport to cut 4,500 jobs in UK, Ireland
Swissport International needs to reduce employment to cope with a 50% drop in revenue this year and secure vital funding from lenders and investors, according to an internal memo seen by Bloomberg.
The cuts would comprise about half of Swissport’s payroll in the two countries.
The GMB and Unite unions responded to the Swissport plans by urging the U.K. government to provide a bespoke funding package for aviation to help save thousands of jobs, as well as an extension to furlough programs.
More than 730,000 people in posts directly reliant on aviation may find themselves out of work in the U.K. as a result of the pandemic, according to the International Air Transport Association. ■