Ryanair pilots to take 20% pay cut after boss Michael O'Leary issues jobs ultimatum
Ryanair pilots have agreed a temporary 20 per cent pay cut to limit job losses hours after chief executive Michael O'Leary gave them a public ultimatum. In an interview with the BBC, Mr O'Leary said that 3,000 people would lose their jobs unless all staff agreed to reduce their pay.
O’Leary said: “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.
"We’re looking from 20 per cent from the best paid captains, 5 per cent 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.”
Shorty after the interview, pilots union Balpa announced that 96 per cent of its members had voted to accept the temporary pay cut in order to “save jobs that were under threat” due to a collapse in passenger numbers caused by the coronavirus pandemic.
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