Blair Nimmo, partner at KPMG and joint administrator, comments on the support being given to employees of Monarch Airlines and Monarch Travel Group.
Commenting on the support that is being given to the employees of Monarch Airlines Limited and Monarch Travel Group, Blair Nimmo, partner at KPMG and joint administrator, said:
“Since our appointment, one of our key priorities has been to speak to all of the companies’ employees across all locations and provide them with the support and assistance they need at this distressing time.”
Following the appointment of joint administrators to Monarch Airlines and Monarch Travel Group on Monday 2 October 2017, a total of 1,858 employees were made redundant. Of these, 1,760 were employees of Monarch Airlines, while 98 were employed by Monarch Travel Group.
Blair Nimmo continued: “Importantly, we have retained the company’s 17-strong HR team to provide assistance to the rest of the workforce, including help in making claims to the Redundancy Payments Office. Their support, at what is also a very difficult time for them, has been crucial and we are very grateful to them. Within the next 48 hours, all employees will be receiving a substantial pack of correspondence from the Joint Administrators to assist them with making their claims.
“In addition, and with support from the secured creditors, the Monarch HR team will be holding jobs fairs over the coming days and weeks to try to get as many people as possible back in to work as soon as possible. We have also been in contact with Unite and BALPA, who have been proactive in speaking to airlines to source job opportunities, providing them with any information they need to assist.
“Finally, we have also been contacted by a number of employers both in Luton and elsewhere who have vacant positions available, and we are ensuring that we are diligently cascading this information to the Monarch HR teams and the unions.”
Between them the two Monarch companies employed approximately 2,100 people. The remaining employees have been retained by the joint administrators to assist them in the administration process and importantly, to help collate critical information to assist the Civil Aviation Authority with the repatriation of customers who are currently overseas.
The Group’s engineering operation, Monarch Aircraft Engineering Limited, which employees 736 members of staff, is not in administration and continues to trade normally.
Monarch comprises a scheduled airline, in-house tour operator and an engineering division. The airline, founded in 1968, flies to over 40 destinations from five UK bases: London Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton, where it is headquartered. The airline offered six million sector seats to leisure destinations, while the tour operating division offered package holidays across the airline’s scheduled network.
The Airline and Tour Group employ approximately 2,100 people between them.
Monarch Airlines Limited, employs 1,948 staff across the following locations:
|Stockport, Greater Manchester||1|
Monarch Travel Group limited employ 153 staff across the following locations:
|Stockport, Greater Manchester||39|
|Overseas (Faro & Malaga)||40|
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