Administrators at Monarch Airlines confirm 1,858 job losses
Following yesterday’s revelation that Monarch Airlines had entered administration, it has since been confirmed that 1,858 employees have been made redundant.
Of these, 1,760 were employees of Monarch Airlines, while 98 were employed by Monarch Travel Group.
Blair Nimmo, Jim Tucker and Mike Pink from KPMG were appointed joint administrators to Monarch Airlines Limited early on Monday 2 October 2017.
At the same time, Blair Nimmo, Jim Tucker and Steve Absolom from KPMG have been appointed joint administrators to Monarch Travel Group Limited.
Between the two companies approximately 2100 people were employed in total.
The remainder 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.
Partner at KPMG and Joint Administrator Blair Nimmo commented: “We know that today has been a very sad and difficult day for the Monarch employees.
“Shortly before the appointment of the Joint Administrators, all employees received an email from the Company confirming that it was about to enter administration.
“Following this, the absolute priority for me and my team was to try and make contact with all members of staff as soon as possible, in order that 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 it can to assist the employees in submitting claims to the Redundancy Payments Office for monies owed.”