Current cash position £2.4 billion. 22 June 2020. 3 month full grounding to cost £1 billion. 6 month full grounding £2.1 billion.

15% of shares to be "placed" or created to gain £400 to 500 million.

Company will be "rightsized".

Company is " overhedged" for fuel and financial exchanges. Net charge of £164 million first half 2020 and further impact second half 2020.

As easyJet progresses through the consultation process of reducing staff numbers by up to 30% there is a heightened risk of industrial action that may disrupt operations...

We will see what transpires.....

https://www.thesun.co.uk/travel/1199...end-newcastle/

Doesn't look good, I'm afraid although not sure about The Sun...

Are those 727 unlucky pilots picked by gender? :E​​​​​​

Jokes aside, terrible news.

How about the other 4,273 other guys?

Yep, all the Head Office staff and Cabin Crew. I think it is a shame people seem to focus on "Pilots" when if it was not for the others it would be empty planes flying about - with no organisation!

Does the Amy Johnson program's political correctness and positive discrimination crap apply to other positions within the company?

​​​​​​Otherwise you didn't get the joke.

BALPA say its an over reaction and Easyjet won't find an abundance of crews waiting to come back in a couple of years time when the recovery takes place.
I hope he's right, but somehow I doubt it

The reality is that UK employment law makes it much much cheaper and easier for a company to make redundancies in the UK than elsewhere in Europe.

"UK AOC. I can see bases like Newcastle and Glasgow definitely going. The market in the NE serviced by W rotations from other bases and Edinburgh being a mega base in Scotland.

I then foresee a cost neutral relocation of crew based on EasyLIFO if you are prepared to commute. Problematic for cabin crew who are second earners in families or pilots who cannot relocate"

The above is from a previous post. I must admit i did not think Stanstead or Southend would be affected.

"The rest of the UK network is also being reviewed and easyjet is discussing proposals to reduce the number of crew we have across the UK network". This in my mind means a LIFO plus approach with massive cost neutral relocations on a take it or leave it basis. Be prepared to move to work. This is unfortunate on those who cannot or will not relocate.

I feel for the crew who cannot relocate but to a certain extent some bases have had efficiency issues due to the attitude of a small minority of employees.

Good luck to all.
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The full quote...

However, Balpa general secretary Brian Stratton said the job cuts were "an excessive over-reaction".

"EasyJet won't find a supply of pilots waiting to come back when the recovery takes place over the next two years."

Sadly he is out of touch with the reality of the situation, or perhaps just trying to be an optimist. There is a long long long line of guys&gals who would jump at the chance to join EZY when the recovery to the aviation sector happens.

And I am happy to admit I would be one of them. It's the best contract in my home country for valid reasons.
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@CCFlyerUK

"I think it is a shame people seem to focus on "Pilots" when if it was not for the others it would be empty planes flying about - with no organisation! "

What else can anyone do but focus on the information given ? It's not as if details of cabin-crew and others were given and are being ignored.

Presumably the trss loans would be written off

So the three bases closing, which base will they now be serviced by. Comms suggest Ezy will still sell flights out of these bases.

Would one be correct in surmising possibly a jet with an 🇦🇹 On the side?

Are the cuts as savage across the whole company or is the U.K. part bearing the brunt?

My thoughts go out to anyone under threat, it’s awful news, been there done that it really isn’t fun.

Having seen the split by base and role, its pretty bad everywhere in the UK.

I have just seen in the press with utter dismay at what easyjet are proposing and frankly I don’t know what easyjet management are doing, but it appears to be/have been very little. They have furloughed the majority of their staff (pilots, cabin crew, engineers and office staff) and then sat on their backsides and done what can only be described as absolutely nothing. How can it be that charter brokers are going to operators to put on services between Liverpool and Palma and also Liverpool and Faro, starting from mid July for the next 10 weeks based on the fact customers are saying there is not enough supply! These are prime routes for easyjet and they are not flying, what on earth are they doing! Not having a plan to get pilots off furlough, through the sim and back in the air was clearly not at the forefront of their minds. easyjet management decided to take the £600m from the government, furlough staff taking even more cash from the tax payer and then sit on their back sides and not even thought of a plan to get the airline back in the air again beggars belief. This is the craziest thing I have ever heard of. Not satisfied with taking all this tax payers money they are now going to burden us with even more debt by putting over 700 U.K. based pilots on plus cabin crew on benefits. Easyjet management right up to the CEO, you are a joke!

Just heard from a friend in there that in germany about half of the crews will have to go. No idea about the other continent countries/bases.

Surprising how hard the Gatwick base will be hit, considering that BA and Norwegian uprooted from there.

And what about Italy? Long-term furloughs were on the cards as early as March in MXP.

1300 cabin crew. So presumably 3000 other engineers and HQ / ground staff. Huge numbers, many of which haven't got the strength of a union like BALPA behind them.