Nearly 2,000 jobs go as Monarch goes into administration

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

Nearly 2,000 jobs go as Monarch goes into administration

The joint administrators of Monarch Airlines in addition to Monarch Travel Group have This specific afternoon confirmed of which some 1,858 employees have been made redundant.

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

Of these, 1,760 were employees of Monarch Airlines, while 98 were employed by Monarch Travel Group.

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

Between them the companies employed approximately 2,100 people.

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

The remainder have been retained by the joint administrators to assist them from the administration process in addition to importantly, to help collate critical information to assist the Civil Aviation Authority with the repatriation of customers who are currently overseas.

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

Partner at KPMG in addition to joint administrator Blair Nimmo commented: “We know of which today has been a very sad in addition to difficult day for the Monarch employees.

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

“Shortly before the appointment of the administrators, all employees received an email via the company confirming of which of which was about to enter administration. 

Nearly 2,000 Jobs Go As Monarch Goes Into Administration

“Following This specific, the absolute priority for me in addition to my team was to try in addition to make contact with all members of staff as soon as possible, in order of which we could communicate what the administration means for them.

“Regrettably, with the business no longer able to fly, a significant number of redundancies were made.

“Over the coming days, my team will be doing all of which can to assist the employees in submitting claims to the redundancy payments office for monies owed.”

Nimmo, Jim Tucker in addition to Mike Pink via KPMG were appointed joint administrators to Monarch Airlines earlier today.

The group’s engineering operation, Monarch Aircraft Engineering, is actually not in administration in addition to continues to trade normally.

Nearly 2,000 jobs go as Monarch goes into administration

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