Ryanair has a agreed a pay cut deal with pilots and cabin crew to stave off the worst of job cuts.
The pilots agreed to the pay cut deal hours after Ryanair’s chief executive, Michael O’Leary, made public an ultimatum that a total of 3,000 job losses could only be avoided if all staff agreed to pay cuts.
The deal with Ryanair’s pilots saves 260 jobs that were at risk. Ryanair had said a total of 330 pilot jobs were at risk. Negotiations with cabin crew and other staff continue, lower paid cabin crew have been asked to sacrifice 5% of their pay.
Earlier on Wednesday, O’Leary had said: “We’ve already announced about 3,000 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% 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.”