Ryanair

Type
Internal restructuring
Country
United Kingdom
Region
London;
Location of affected unit(s)
London
Sector
Transportation / Storage
51 - Air transport
51.1 - Passenger air transport
51.10 - Passenger air transport
336 jobs
Number of planned job losses
Job loss
Announcement Date
19 May 2020
Employment effect (start)
28 May 2020
Foreseen end date

Description

Ryanair, the Irish budget airline, has confirmed its restructuring plans, which imply the redundancy of 336 pilots at its UK base at London Stansted Airport. The company is also proposing pay cuts and a reduction of terms and conditions for its remaining employees. Ryanair’s chief executive explained that the redundancies were 'unavoidable' as passenger numbers have fallen sharply in the wake of the COVID-19 pandemic.

A representative of the pilots’ union BALPA, commented that Ryanair’s decision to cut jobs was hypocritical, given that the company had accepted financial support from the UK government.

Ryanair was founded in 1984 in Ireland – the company, currently, has 19,000 employees and London Stansted Airport is its largest base.

Sources

Citation

Eurofound (2020), Ryanair, Internal restructuring in United Kingdom, factsheet number 100944, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100944.