Ryanair axes more than 250 jobs amid Covid-19 crisis
Ryanair Holdings (CDI)
€14.41
17:14 17/12/21
Budget airline Ryanair said it had axed more than 250 office jobs across four countries and said it would advise on more job and pay cuts by the end of the month as it dealt with the impact of the coronavirus pandemic.
Travel & Leisure
7,567.53
12:49 26/04/24
The company on Friday said the jobs at Dublin, Stansted, Madrid and Wroclaw would go through a combination of contract terminations, resignations and redundancies.
It said those affected would not be required to return to work on 1 June, when the Ryanair offices reopen, “due to the substantial decline in traffic the....group is facing in 2020”.
“We are continuing to meet our pilot and cabin crew unions across Europe to finalise up to 3,000 job cuts and 20% pay cuts as we return to approx. 40% of our normal flight schedules from July onwards,” the company said in a statement.
Ryanair said it had operated less than 1% of normal flight schedules during April, May and June, and this week announced that only 40% of its normal schedules would operate in July 2020.
For the full year, Ryanair now expects to carry less than 100m passengers, more than 35% lower than the 155m+ target for the 2021 fiscal year.
“Regrettably, we will now have a small number of compulsory redundancies in Dublin, Stansted, Madrid and Wroclaw to right size our support teams for a year when we will carry less than 100m passengers due to the Covid-19 crisis,” the company said.
“Ryanair is also facing intense price competition across Europe as we are forced to compete with flag carrier airlines who have received over €30bn in unlawful State Aid subsidies from their governments, and who will be able to engage in below low cost selling for many years with the benefit of this illegal state aid.”