Monarch administration: Employee update | KPMG | UK

Administration of Monarch Airlines Limited and Monarch Travel Group: Employee update

Monarch administration: Employee update

Blair Nimmo, partner at KPMG and joint administrator, comments on the support being given to employees of Monarch Airlines and Monarch Travel Group.

1000

Also on KPMG.com

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.

Ends

Notes to Editors:

About Monarch:

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. 

Employees:

The Airline and Tour Group employ approximately 2,100 people between them.

Monarch Airlines Limited, employs 1,948 staff across the following locations:

Location MAL
Birmingham 389
Bromley, Kent 88
Gatwick 420
Leeds Bradford 60
Luton 645
Manchester 425
Stockport, Greater Manchester 1

Monarch Travel Group limited employ 153 staff across the following locations:

Location Monarch Travel
Bromley, Kent 72
Manchester 2
Stockport, Greater Manchester 39
Overseas (Faro & Malaga) 40

Media contact information

For press enquiries only, please email: monarchpress@kpmg.co.uk

Or call the KPMG Press Office: 020 7694 8773

Please note: the KPMG Press Office is unable to respond to customer enquiries

Katy Broomhead, Senior PR Manager

Tel: 0161 246 4623 / 07824 537963

Zoe Sheppard, Head of the Press Office

Tel: 0117 905 4337 / 07770 737 994

For regional press enquiries only, please contact:

Emma Murray – London & South East 0207 6946506 / 07920 870623
Alison Anderson – Yorkshire & North East 0113 254 2980 / 07733 453065
Jo Chileshe – Midlands 0121 232 3343 / 07919 211803
Helen Jackson - South 0118 373 1479 / 0790 111 5649
Alastair Henry, Citypress – North West 0161 235 0320 / 07738 206847
0207 6946506 / 07920 870623 0141 333 9585 / 07824 666956

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff.  The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

 

Connect with us

 

Request for proposal

 

Submit