Ryanair and UNITE Union Agree on UK Cabin Crew Pay Cuts
July 08 2020 - 12:20PM
Dow Jones News
By Adriano Marchese
Ryanair Holdings PLC said Wednesday that it has come to an
agreement with the UNITE union on pay reductions of between 5% and
10% for its U.K. cabin crews.
The budget airline said the agreement is for a four-year period,
and that over that time, the pay reductions are expected be
restored. The company said the negotiations also included
productivity improvements.
"This agreement gives Ryanair a framework to flex its operation
during the Covid-19 crisis and a pathway to recovery when the
business returns to normal in the years ahead," the company
said.
Last week, Ryanair's U.K. pilots accepted a similar deal, in
which they accepted 20% pay cuts as well as productivity
improvements.
The airline expects to carry 50% less traffic at significantly
lower fares for the foreseeable future.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
July 08, 2020 13:05 ET (17:05 GMT)
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