Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRYA.L Regulatory News (RYA)

  • There is currently no data for RYA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RYANAIR & IRISH PILOTS AGREE PAY CUTS TO SAVE JOBS

3 Jul 2020 07:45

RNS Number : 9661R
Ryanair Holdings PLC
03 July 2020
 

RYANAIR AND ITS IRISH PILOTS AGREE ON PAY CUTS

TO SAVE IRISH PILOT JOBS

 

Ryanair today (3 July) welcomed acceptance by 100% of its Irish Pilots of a 4-year agreement which includes a 20% pay reduction, restored over 4 years, along with productivity improvements on rosters, flexible working patterns and annual leave to minimise Irish Pilot job losses. This agreement gives Ryanair a framework to flex its operation during the Covid-19 crisis and a pathway to recovery when the business returns to normal in the years ahead.

 

Earlier this week BALPA and Ryanair UK pilots accepted a similar deal to save jobs also with 20% pay cuts and productivity improvements.

 

Ryanair has also signed agreements with the Fórsa union for our Irish based cabin crew and the UNITE union for our UK cabin crew on up to 10% pay reductions, fully restored over 4 years as well as productivity improvements to save jobs. These cabin crew agreements are currently out to ballot.

 

These agreements demonstrate that Ryanair Pilots wish to work with the airline during the Covid-19 crisis where Ryanair will carry 50% less traffic, at significantly lower fares for the foreseeable future.

 

Ryanair's CEO Eddie Wilson said:

 

"We welcome this week's results in both Ireland and the UK of acceptance of a 4-year agreement on 20% pay cuts and productivity improvements on rosters and flexible working patterns to save the maximum number of Irish and UK Pilot jobs. The strength of this acceptance demonstrates the commitment from our pilots in Ireland and the UK to work with Ryanair as we work our way through this crisis over the next number of years".

 

 

ENDS

 

For further information

please contact: Alejandra Ruiz Piaras Kelly

Ryanair DAC Edelman Ireland

Tel: +353-1-9451799 Tel: +353-1- 592 1330

press@ryanair.com ryanair@edelman.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCRJMFTMTBMMJM
Date   Source Headline
18th Jul 20197:00 amRNSTransaction in Own Shares
17th Jul 20197:00 amRNSTransaction in Own Shares
16th Jul 20197:00 amRNSRYANAIR EXPECTS B737 MAX DELAYS TO SLOW S20 GROWTH
16th Jul 20197:00 amRNSTransaction in Own Shares
15th Jul 20198:35 amRNSTransaction in Own Shares
12th Jul 20197:00 amRNSTransaction in Own Shares
11th Jul 20197:00 amRNSTransaction in Own Shares
10th Jul 20197:00 amRNSTransaction in Own Shares
9th Jul 20197:00 amRNSTransaction in Own Shares
8th Jul 20199:43 amRNSTransaction in own shares
5th Jul 20197:00 amRNSTransaction in Own Shares
4th Jul 201910:21 amRNSRYANAIR'S JUNE CO2 EMISSIONS 66G PER PASSENGER/KM
4th Jul 20198:06 amRNSHolding(s) in Company
4th Jul 20197:00 amRNSTransaction in Own Shares
3rd Jul 20197:00 amRNSTransaction in Own Shares
2nd Jul 20197:15 amRNSRYANAIR GROUP JUNE TRAFFIC GROWS 13% TO 14.2m PAX
2nd Jul 20197:00 amRNSTransaction in Own Shares
1st Jul 201912:30 pmRNSTotal Voting Rights
1st Jul 20197:00 amRNSTransaction in Own Shares
28th Jun 20197:00 amRNSTransaction in Own Shares
27th Jun 20197:00 amRNSTransaction in Own Shares
26th Jun 20197:01 amRNSBuyback Programme Update
26th Jun 20197:00 amRNSTransaction in Own Shares
25th Jun 20197:00 amRNSTransaction in Own Shares
24th Jun 20197:00 amRNSTransaction in Own Shares
21st Jun 20197:00 amRNSTransaction in Own Shares
20th Jun 201910:49 amRNSHolding(s) in Company
20th Jun 20197:00 amRNSTransaction in Own Shares
19th Jun 20197:00 amRNSTransaction in Own Shares
18th Jun 20197:00 amRNSTransaction in Own Shares
17th Jun 201910:33 amRNSHolding(s) in Company
17th Jun 20198:39 amRNSTransaction in Own Shares
14th Jun 20197:00 amRNSTransaction in Own Shares
13th Jun 20197:00 amRNSTransaction in Own Shares
12th Jun 20197:00 amRNSTransaction in Own Shares
11th Jun 20191:19 pmRNSRYANAIR TO INVEST IN MALTA AOC
11th Jun 20197:00 amRNSTransaction in Own Shares
10th Jun 20197:00 amRNSTransaction in Own Shares
7th Jun 20197:41 amRNSHolding(s) in Company
7th Jun 20197:00 amRNSTransaction in Own Shares
6th Jun 20197:00 amRNSTransaction in Own Shares
5th Jun 201910:59 amRNSRyanair is 1st Eu Airline to Report Monthly Co2
5th Jun 20197:31 amRNSHolding(s) in Company
5th Jun 20197:15 amRNSRYANAIR MAY TRAFFIC GROWS 13% TO 14.1m CUSTOMERS
5th Jun 20197:00 amRNSTransaction in Own Shares
4th Jun 20195:53 pmRNSTotal Voting Rights
4th Jun 201911:20 amRNSRYA BEL CABIN CREW ACCEPT PAY AND ROSTERING DEAL
4th Jun 20197:00 amRNSTransaction in Own Shares
3rd Jun 20197:00 amRNSTransaction in Own Shares
31st May 20198:24 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.