Ryanair is set to have 3,500 of its employees lose their jobs if pay cuts cannot be agreed with its staff, airline CEO Michael O’Leary confirmed on Wednesday.
Ryanair, which is Europe’s biggest budget airline, only recently had confirmed that it had already cut more than 250 of its office staff across Europe, with a further 3,000 job cuts in pilots and cabin crew employees.
Speaking with the BBC, O’Leary stated that Ryanair ahs “already announced about 3,500 job losses”, yet it is currently “engaged in extensive negotiations with our [Ryanair] pilots, our cabin crew and we’re asking them to all take pay cuts as an alternative to job losses.”
Adding to this, O’Leary also confirmed that the company is currently aiming to cut “20% from the best paid captains” as well as “5% from the lowest paid flight attendants” as wage cuts.
Once these wage cuts are put into place, the company can “avoid most but not all job losses”.
Ever since the COVID-19 pandemic reached Europe, the airline has suffered financially, with its very strict safety measures restricting travel.
Plenty of airlines, including Ryanair, resumed several flights on July 1, all according to sets of health regulations that travellers and employees have to abide by.
As of July 1, 1,000 flights every day will take off as the Ryanair network aims to somewhat return to normality, operating at just 40 per cent of its regular schedule, a very significant decrease from its usual operating schedule.
Malta has opened its airport up to plenty of destinations, including the previously banned regions in Italy, France and Spain, being one of the last EU countries to reopen its borders.