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EasyJet axing head office roles ahead of takeover
The airline said the proposals affect a small share of its 2,300 head office staff as it prepares for Apollo's takeover.
- On Monday, EasyJet confirmed plans to cut up to 50 head office roles ahead of its £5.7 billion takeover by US private equity firm Apollo.
- Shareholders vote Wednesday on the deal, which followed a competitive bidding process after Castlelake previously proposed a £5.5 billion offer before withdrawing in August.
- The Luton-based carrier is consulting on redundancies affecting 50 of its 2,300 head office roles, which the airline said are not linked to the Apollo transaction.
- Balpa trade union recently raised concerns, stating "important questions remain regarding the long-term implications of the transaction" beyond the 12-month period covered by statements of intention.
- Sir Stelios Haji-Ioannou, whose family owns about 15% of the business, supports the takeover of the airline founded in 1995 to serve Europe.
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EasyJet to axe head office roles ahead of takeover
EasyJet plans to cut head office jobs ahead of a £5.7 billion private equity takeover. The Luton-based carrier is understood to be consulting on proposals that could see up to 50 head office roles axed out of a 2300-strong team. It comes after easyJet agreed a takeover for 715p a share by…
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Total News Sources6
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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