Reuters story....
LONDON, Feb 4 (Reuters) - Fast-expanding Irish no-frills airline Ryanair Holdings Plc <RYA.I> <RYA.L> said on Tuesday it would close down its newly acquired rival Buzz if staff there did not agree to adopt its low-cost airline labour practices.
Chief Executive Michael O'Leary told an analysts' briefing that up to 100 jobs could go at Buzz, and that he expected the rest of the operator's work force would agree to Ryanair's way of working.
"What happens if it blows up in our face? We will close it down, but we will still have the slots," O'Leary said.
((Reporting by Daniel Morrissey, Reuters Messaging:
[email protected]; email:
[email protected]; phone +44 20 7542 2769))
Tuesday, 4 February 2003 11:03:31
RTRS