Skip to content
Saturday 1 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,868.05
-0.27%
DAX
25,629.24
+0.07%
CAC 40
8,509.64
+0.28%
STOXX 50
6,358.01
+0.21%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 26 August 2020 2:32 pm

Gatwick Airport to cut nearly a quarter of its workforce

By: Edward Thicknesse

Add as a preferred source on Google
Gatwick Airport says it expects to pay out its first shareholder dividends in five years, with passenger numbers set to be back at pre-pandemic levels next year.
Gatwick Airport says it expects to pay out its first shareholder dividends in five years, with passenger numbers set to be back at pre-pandemic levels next year.

Gatwick Airport this afternoon announced that it could cut up to 600 jobs as part of a major restructuring caused by the coronavirus pandemic.

The airport is the latest company in the struggling aviation sector to announce such cuts, which account for 24 per cent of its workforce.

The sector is one of the worst hit by the pandemic, which has caused a near total collapse in global air travel.

In August, usually a busy month for air travel, passenger numbers at Gatwick are over 80 per cent down when compared with the numbers of passengers in the same month last year.

Chief executive Stewart Wingate said the cuts were a “stark reminder” of the “devastating impact” of the pandemic on the sector.

“If anyone is in any doubt about the devastating impact COVID-19 has had on the aviation and travel industry then today’s news we have shared with our staff, regarding the proposed job losses, is a stark reminder”, he said. 

“We are in ongoing talks with government to see what sector specific support can be put in place for the industry at this time, alongside mechanisms which will give our passengers greater certainty on where and when they can safely travel abroad. 

Read more

Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

Gatwick Airport terminal bustling with travelers and staff under bright signage and flight information displays

“This support will not only help Gatwick but the wider regional economy which relies on the airport.” 

Back in March, as the virus began to shut down international travel networks, Gatwick secured a £300m loan to bolster its financial position.

However, most anticipating that demand for air travel will not return to pre-pandemic levels until 2024, the airport has now been forced to begin talks over redundancies.

Over the course of the lockdown period, carrier Virgin Atlantic announced that it would quit its base at the airport as a result of the downturn.

At the moment, the airport has 75 per cent of its staff on the government’s job retention scheme, which is due to end in October.

As a result of the virus, UK airlines and airports have announced around a combined 30,000 job cuts so far.

Flag carrier British Airways leads the way with plans to slash 12,000 jobs, a quarter of its staff, while Ryanair, Easyjet and Virgin have committed to 11,000 cuts between them.

In addition, the UK’s largest airport Heathrow has said that a third of its 7,000 frontline roles are at risk due to the pandemic.

Read more

Gatwick expansion cleared for take-off, court rules

20m passengers have flown through Gatwick this year

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Transport & Infrastructure

Trending Articles

  • Fifa won’t fix itself – scrap it now and set up a World FA, led by Uefa and South America

  • Healey announces early Budget

  • Chelsea fined £10m, avoid points penalty and receive Mykhailo Mudryk boost

  • Can a team of retail veterans solve Argos’ catalogue of woes?

  • Boozy lunches still on the menu: Law firms bankroll juniors to schmooze clients in the City

More from City PM

  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

    Legal
    Gatwick Airport terminal bustling with travelers and staff under bright signage and flight information displays
  • Gatwick expansion cleared for take-off, court rules

    Aviation
    20m passengers have flown through Gatwick this year
  • Expanding London airports will help growth take off

    Opinion
    Commercial airplane landing at Heathrow Airport, seen from behind, with a prominent Heathrow sign below.
  • Jet2 handed £400m boost from Iran war jet fuel spike

    Transport & Infrastructure
    Jet2 is listed on the London Stock Exchange's AIM.
  • London City Airport faces opposition over bigger planes plan

    Transport & Infrastructure
    London City Airport terminal bustling with travelers and staff, showcasing modern architecture and vibrant city backdrop.
  • Tax bill and Middle East weigh on Heathrow despite record numbers

    Aviation
    Commercial airplane landing at Heathrow Airport, seen from behind, with a prominent Heathrow sign below.
  • Airlines clash over Heathrow regulation

    Aviation
    Delta Air Lines aircraft at Heathrow Airport with regulatory compliance signage visible on the runway
  • Iran war to dent passenger volumes, Heathrow warns

    Business
    Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook