Ryanair has said it is set to cut 3,000 jobs - 15% of its workforce - as it restructures to cope with the coronavirus pandemic.It said the 3,000 posts under threat were mainly pilot and cabin crew jobs. There were likely to be pay cuts of up to 20% for remaining staff, the airline added. Boss Michael O'Leary told the BBC that the planned cuts were "the minimum that we need just to survive the next 12 months".
In a sideswipe at rivals, it said its return to scheduled services would be rendered more difficult by competing with flag carrier airlines, "who will be financing below cost selling with the benefit of over €30bn in unlawful state aid, in breach of both EU state aid and competition rules".
Ryanair said it had entered the coronavirus crisis with reserves of almost €4bn in cash and continued to "actively manage" those resources in order to survive the pandemic.
BBC - Ryanair set to cut up to 3,000 jobs to survive virus