Menzies halves workforce as airline operations decline

posted on 27th March 2020 by Eddie Saunders

Ground services firm Menzies cut 17,500 jobs globally as it tries to survive the fallout caused by the coronavirus outbreak.

In a trading updat released this morning, the aviation services firm said it had seen “significant ongoing reductions in activity for our core operations”.

Menzies had cautioned on 10 March that it could be facing a profit impact of £6-9 million for 2020, as it unveiled a 2019 pre-tax profit of £17.3 million. 

Giles Wilson, Chief Executive said: “John Menzies plc has existed since 1833 and been listed since 1962 but never have we faced such difficult and unpredictable times. Our industry has been one of the most affected by COVID-19 and we are doing everything we can to reduce costs whilst looking after the needs of our employees.” 

I now look to our Government to support our business and for them to provide the support required to help the UK aviation sector to navigate this crisis.  For the aviation supply chain to function it requires a strong inter-reliant chain of airlines, airports and service providers.

Without these three components of the supply chain, working together, the sector will not function. Handlers such as Menzies are therefore essential to the recovery and future success of the UK and global aviation industry.”