View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 18, 2020

Coronavirus Covid-19: Gatwick Airport to implement different measures

Amid the ongoing Covid-19 pandemic, UK’s Gatwick Airport has announced its plans to implement different measures, including job cuts to ‘safeguard the financial resilience of the business’.


Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates


Follow the latest updates of the outbreak on our timeline.


Amid the ongoing Covid-19 pandemic, the UK’s London Gatwick Airport has announced its plans to implement different measures, including job cuts, to ‘safeguard the financial resilience of the business’.

In a bid to reduce its costs, the airport has started shutting down between 12am and 5:30am, effective as of 17 March. London Gatwick will only accept flights in cases of emergency landings.

Due to reduced passenger numbers, the airport has also closed two of its six piers.

Gatwick Airport CEO Stewart Wingate said: “Gatwick is a resilient business, but the world has changed dramatically in recent weeks and we have been forced to take rapid, decisive action to ensure that the airport is in a strong position to recover from a significant fall in passenger numbers.”

The airport added that it would adopt further measures shortly to decrease its operational footprint.

Gatwick has planned to layoff 200 employees on temporary fixed-term contracts and contractors.

The airport has also planned to suspend the investment programme spending. The executive team, including Wingate, are planning to take 20% cuts in their salaries.

In addition, the bonus planned for the existing financial year will also be waived.

Gatwick Airport is in talks with its employees regarding the decrease of operational costs during the Covid-19 pandemic, including the possibility of temporary salary reductions and unpaid leave.

Wingate added:  “Significantly reduced passenger numbers are likely to be sustained, at least in the short to medium term, and I need to prepare people for the news that other serious measures are likely.

“We also strongly urge the government to provide support in order to protect the business and the contribution it makes to the region and wider economy.”

Earlier this week, Manchester Airport Holdings (MAG) also announced different measures, including temporary layoffs, to decrease costs and preserve resources.

Related Companies

Free Report
img

Navigate your business through the ‘new normal’

COVID-19 continues to dominate headlines the world over. It has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities.  Faced with an explosion of conflicting information on how to plan and implement successful recovery strategies, decision-makers are in dire need of a single, reliable source of intelligence.   GlobalData’s COVID-19 Executive Briefing gives you access to unparalleled data and insights to successfully navigate the uncertain road to recovery across the world’s largest industries. Understand every aspect of this disruptive theme by delving into: 
  •  COVID-19 infection update, with statistics on the spread, testing by country, as well as the latest data on vaccines and therapeutic developments 
  • Economic impact overview, covering stock market indices, GDP, unemployment rates, policy responses & GlobalData’s economic recovery scorecards 
  • Sector developments, with access to sector insight summaries, cross-sector indices and the leaders and laggards in each industry vertical 
Whatever your company’s imminent strategic plans, the long-lasting impact of COVID-19 must not be overlooked. Find out how to futureproof your business operations – download our report today. 
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The airport industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU