Ryanair staff asked to take a pay cut to avoid heavy job losses

REUTERS

Ryanair has asked all staff to agree pay cuts in order to avoid heavy job losses, boss Michael O’Leary said.

Europe’s biggest budget airline had previously said it was looking at up 3,500 cuts among pilot and cabin crew.

“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 told BBC.

“We’re looking from 20% from the best paid captains, 5% from the lowest paid flight attendants and we think if we can negotiate those pay cuts by agreement, we can avoid most but not all job losses.”