Weather
28 ° C
28°C
19°C
Sunny
Breaking News

3 new cases of Covid-19 on 13 August brings total in Monaco to 144: 3 hospitalised, 13 home monitored, 114 cured, 1 resident death

Government in talks with Monacair

Government in talks with Monacair

By Stephanie Horsman - July 28, 2020

Struggling Monegasque company Monacair has met with the government to discuss future plans.

The Minister of Social Affairs and Health, Didier Gamerdinger, along with the Department of Labour and the Department of Equipment and Town Planning met with representatives of Monacair on Monday to talk about the social plan announced by the company.  

The meeting focused primarily on the number of jobs that will be affected and the accompanying measures that the company intends to implement. In a press statement, Mr Gamerdinger said he will be paying close attention to the negotiations.

Monacair shocked the Principality when earlier this month, the company announced it was being forced to lay-off 32 of its 76 person workforce due to fall out from the Covid crisis. The reduction affected pilots and ground staff alike and spurred the government to intervene to assist the company in sorting out a “social plan” to restructure the company.  

Since 2016, Monacair has been the sole operator of regular transport services between the Principality and Nice Airport. As such, their reduction in service has also resulted in a massive loss in passengers and revenue.

Monacair was founded in 1988 by Stefano Casiraghi, former husband of Princess Caroline, who was tragically killed in a speed boating accident in 1990. Today, his sons, Andrea and Pierre are the majority shareholders in the company.

 

Photo © Department of Social Affairs and Health

 

 

shares
SHARE
Previous articleAS Monaco Basketball welcome two new players
Next articleOutdoor heater ban

daily

August 12, 2020 | Business & Finance

Monaco to continue employment support

Stephanie Horsman

Temporary Unemployment funding has been extended by the Monaco government as the fallout from the coronavirus health crisis continues in the Principality.

0
August 11, 2020 | Business & Finance

Monaco International Film Festival gets new president

Stephanie Horsman

Edward Sylvan, co-founder of Sycamore Entertainment Group, is the new president of The Monaco International Film Festival, paving the way for the local festival to leap to the next level.

0
August 10, 2020 | Business & Finance

Seven companies who turned Covid into cash

Stephanie Horsman

This year’s epidemic has been catastrophic for many businesses, but some companies have managed to turn hefty profits despite the downturn. Here are the top seven.

0
August 5, 2020 | Business & Finance

Further boost to Monaco’s digital security

Cassandra Tanti

Monaco Vidéo Electrique has just been awarded its security qualification, enabling it to assist the Principality in its digital security strategy.

0