Ryanair marks Labour Day with 3000 job cuts

The Irish discount carrier on Friday added to a mounting employment toll that includes 12,000 cuts at British Airways and 5,000 at SAS AB.

The "no-frills" carrier will jettison 3,000 jobs - about 15% of its workforce - and plans to reduce the wages of its remaining workforce by 20%.

Ryanair has already transferred all of Lauda's slots in Vienna to Ryanair ahead of the labour talks deadline but Lauda's base would be retained if the new terms were accepted by its staff, O'Leary said. "These are going to hugely distort the level playing field for aviation in Europe for three to five years". Traffic is 99.5pc behind original projections and total passenger numbers are expected to be down by a third by the end of the year.

The airline, part of IAG, employs a total of 4,500.

The company said: "Ryanair now expects the recovery of passenger demand and pricing (to 2019 levels) will take at least two years ..."

Earlier, Mr. O'Leary said he planned to challenge in European Courts what he described as more than €30 billion in "unlawful and discriminatory state aid" to a dozen rivals, including Lufthansa Group, Air France-KLM Group, and Alitalia.

Ryanair warns of 3,000 job cuts amid Covid-19 crisis
Ryanair to cut 3,000 jobs as coronavirus grounds flights

Balpa, the United Kingdom union that represents many Ryanair pilots, said that it had received no warning or consultation about the 3,000 potential job losses. Carriers across the region are asking for help to survive the coronavirus crisis that has grounded much of Europe's air traffic, endangering not only the airlines but connections that keep tourists flowing to Rome and Paris and help power Germany's export economy.

"Ryanair seems to have done a u-turn on its ability to weather the Covid storm", it claimed.

He warned that the aviation workers are facing "a tsunami of job losses" and called on the Government to "stop daydreaming" and take more action to support the industry.

And in a broadside to airports and governments, Ryanair warned that they'll have to provide additional incentives to airlines. The company is working on reducing deliveries of 737 Max narrow-bodies from Boeing and Airbus SE A320-series jets from leasing firms.

Pay cuts of up to 20 percent and unpaid leave will also be introduced.

"These lower fares will require aggressive airport price incentives to encourage passengers to travel, and Ryanair continues to call on European Union governments to cut passenger taxes, airport taxes, and departure taxes on an industry-wide basis as a better alternative to selective State aid "doping" for flag carriers", it said.

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She said briefings would be held later in the week, but, "they might have a new look to them, a new focus to them". Yet another tweet on Saturday fed rumors that Trump was going to shut down the briefings altogether.

  • Darren Santiago