John Menzies restructures UK cargo business

published 16 July 2012

Aviation services and newspaper distribution group John Menzies is to close down its cargo operations at airports in Glasgow, Birmingham, the East Midlands and Manchester.

The restructuring, which will incur a one-off charge of up to £3m, is expected to return the UK cargo business to profitability.

Menzies will focus its UK cargo business on its London Heathrow operations, together with smaller operations in Aberdeen and Belfast. The restructuring is expected to be completed by the end of August 2012.