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Norwegian says 4,700 jobs at risk after unit bankruptcies

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Norwegian says 4,700 jobs at risk after unit bankruptcies

APRIL 20, 2020

By Terje Solsvik

Norwegian Air (NWC.OL) on Monday reported that four Swedish and Danish subsidiaries had filed for bankruptcy and that it had ended staffing contracts in Europe and the United States, putting some 4,700 jobs at risk.

The airline is seeking to convert debt to equity, money from shareholders and Norwegian state guarantees in a bid to survive the coronavirus crisis.

Earlier on Monday Virgin Atlantic said it would only survive the pandemic if it got financial support from the British government, while Virgin Australia (VAH.AX) is set to enter voluntary administration, according to sources close to the matter.

Norwegian Air said the four subsidiaries in Sweden and Denmark were companies that employed pilots and cabin crew. The cancelled agreements involve firms which provide crews based in Spain, Britain, Finland, Sweden and the United States.

Combined, it said some 4,700 pilots and cabin crew members would be affected while about 700 pilots and 1,300 cabin crew based in Norway, France and Italy remained unaffected.

“We have done everything we can to avoid making this last-resort decision and we have asked for access to government support in both Sweden and Denmark,” CEO Jacob Schram said in a statement.

“We are working around the clock to get through this crisis and to return as a stronger Norwegian with the goal of bringing as many colleagues back in the air as possible,” he added.

The company’s shares fell on the news and were down 3.6% at 1230 GMT. The stock has shed 86% of its value year to date.

Norwegian has grown rapidly in the last decade to become Europe’s third-largest low-cost airline and the biggest foreign carrier serving New York and other major U.S. cities but it also accumulated debt and liabilities of close to $8 billion.

Last month it announced it would halt 85% of it flights and planned to furlough 90% of the staff to preserve its dwindling cash reserves, but it faced obstacles in carrying out the cuts.

“Despite the measures that the company has already taken, coupled with the lack of significant financial support from the Swedish and Danish governments, we are left with no choice,” it said.

“In Norway, there are efficient furlough opportunities which means that the government pays for all salary-related costs throughout the duration of the furlough period.

“Unfortunately, there is not the equivalent coverage in Sweden or Denmark schemes,” the company said.

 

Editing by Gwladys Fouche and Jason Neely

 

https://www.reuters.com/article/us-health-coronavirus-norwegianair/four-staffing-units-of-norwegian-air-file-for-bankruptcy-idUSKBN2221I1

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Norwegian Despede Mais De 4.800 Pilotos E Tripulantes De Cabina

20/04/2020
 

O Grupo Norwegian decidiu entrar com um pedido de falência para quatro empresas subsidiárias em países do norte da Europa, que levará ao despedimento imediato de 1.571 pilotos e 3.134 tripulantes de cabina, num total de 4.885 colaboradores.

Segundo dados fornecidos pelos sindicatos à imprensa escandinava serão encerradas as seguintes empresas que fornecem tripulações para os voos da Norwegian: Norwegian Pilot Services Sweden AB, Norwegian Pilot Services Denmark ApS, Norwegian Cabin Services Denmark ApS e Norwegian Air Resources Denmark LH ApS. O grupo de matriz norueguesa também cancelou contratos de fornecimento de tripulações com subsidiarias do Grupo OSM Aviation na Espanha, EUA, Finlândia, Reino Unido e Suécia, que forneciam também tripulações para os seus aviões.

Entretanto, o grupo aéreo Norwegian confirmou nesta segunda-feira, dia 20 de abril, as notícias que logo pela manhã começaram a surgir na imprensa internacional sobre o pedido de falência das subsidiárias, e disse que irão ser mantidos 700 pilotos e 1.300 tripulantes de cabina que estão baseados na Noruega, França e Itália.

Um porta-voz da Administração disse que não restou outra solução face à recusa dos governos da Dinamarca e da Suécia em apoiarem financeiramente a companhia aérea, que trabalha com diversas marcas em segmentos de mercado de baixo custo, nomeadamente intercontinental da Europa para os Estados Unidos da América.

O sistema de apoio à suspensão de contratos é diferente na Noruega, onde o governo assume os custos salariais durante o período de suspensão dos contratos de trabalho, pelo que foi possível manter a empresa até que exista uma efetiva retoma.

“O impacto que o coronavírus teve na indústria da aviação é sem precedentes. Fizemos todo o possível para evitar tomar essa decisão de último recurso e solicitamos acesso ao apoio do governo na Suécia e na Dinamarca ”, afirmou o CEO da Noruega, Jacob Schram.

A Norwegian transportou em 2019 cerca de 40 milhões de passageiros. Até à eclosão da pandemia era o terceiro maior grupo de aviação comercial de baixo custo da Europa e o sexto do mundo, com uma rede de 500 rotas para mais de 150 destinos.

Fonte: www.newsavia.com

 

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