An easyJet aeroplane at Gatwick Airport
EASYJET’S takeover by private equity firm Apollo has raised job security concerns, should the budget airliner be broken up and sold off.
Staff union Prospect warned today that the current 12-month limit on job protections are “expressed as intentions rather than binding undertakings” after the £5.7 billion deal was confirmed earlier this month.
“While Apollo has set out its intentions for the business, employees require greater transparency about the long-term strategy, the impact of the proposed financing structure – and how decisions affecting jobs, operations and terms and conditions will be made in future,” it said in a statement.
“With any takeover of this kind there is always concern that a successful business may be acquired simply in order to be broken up and sold off.
“This must not be allowed to happen to easyJet, and government and regulators should be seeking firm commitments from Apollo that they intend to build on easyJet’s successful business model.”
Apollo has been approached for comment.
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