Lots more optimism1 Jul 2020 11:22
Ryanair chief executive Michael O’Leary said on Wednesday that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff.
The airline is seeking pay cuts of up to 20% for flight crew and 10% for attendants across Europe, but faces pushback from trade unions.
“We've already announced about 3,500 job losses but we're engaged in extensive negotiations with our pilots, our cabin crew, and we're asking them to all take pay cuts as an alternative to job losses,” O'Leary said in an interview with the BBC.
“We're looking from 20% from the best paid captains, 5% from the lowest paid flight attendants"
So - Ryanair - the company sitting on 4Bn cash pile who took 600M from Bank of England treats its staff as bad as it treats its customers. With people worried about their jobs RYA are also planning to rip up the contracts agreed last year. No surprises of course but I really don't think this is the best way to run a company. Shareholders should revolt at the way this company is being managed.