Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French airline Air France has announced 1,510 job cuts by 2022. Management states that these job cuts have nothing to do with the coronavirus epidemic and are aimed at improving the airline's profitability. Air France will not proceed to redundancies or voluntary departures. The reduction in staff numbers will only be achieved through the 3,800 natural departures which will take place between now and the end of 2022. Over the same period, Air France will hire 2,300 pilots, flight attendants and stewards as well as maintenance staff. Air France is thus set to decrease its workforce from 41,230 employees at the end of 2019 to 39,720 at the end of 2022. Other austerity measures have already been announced at Air France to deal with the coronavirus epidemic, but without any immediate staff cuts. These mainly involve reducing non-urgent expenditure or freezing hiring for services not directly linked to operations.
Several important job reductions were recorded since 2010: 4,000 job cuts in 2010; 5,122 in 2012; 1,826 in 2013; 800 in April 2015 and 1,000 in October 2015. However, in 2018, Air France has announced to recruit 1,000 employees; it is expected that Air France will announce the same level of recruitments in 2019. A job reduction has been announced in 2019 with a voluntary departure plan to cut 465 positions.
Eurofound (2020), Air France, Internal restructuring in France, factsheet number 98147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98147.