Ryanair Reduced Flight Captains Salary
About 3,500 jobs could disappear from the low-cost airline Ryanair if the staff does not agree to reduce their salaries, says CEO Michael O’Leary.
“We have already announced cuts to 3,500 posts but negotiations with our pilots and cabin crew are ongoing and we are asking them to reduce their salaries as an alternative to redundancies,” O’Leary told the BBC
Ryanair’s bid is that the highest paid flight captains will reduce their salaries by 20 percent and the lowest paid flight attendants will reduce their salaries by 5 percent.
“If we can negotiate these wage cuts, we believe we can avoid most, but not all, redundancies,” O’Leary told the BBC.
Ryanair expects 4.5 million passengers in July, about 40 percent of normal levels, and that travel will increase to up to six million passengers in August.
At the same time, the company expects ticket prices to be historically low over the next twelve months, O’Leary told media.
Ryanair Reduced Flight Captains Salary - /10
About 3,500 jobs could disappear from the low-cost airline Ryanair if the staff does not agree to reduce their salaries, says CEO Michael O'Leary.