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Old 14th Dec 2017, 03:53
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Interesting times for Ryanair.

Somehow I don't think a threat to cut pay and bonuses is going to work...
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Old 14th Dec 2017, 08:35
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It worked for them in the past, and maybe they assume it will still

Problem is, this is 2017 and the employee commands more respect. Unless there are masses of pilots ready and waiting to pick up the slack on the lower pay/bonus, then the incumbents have the upper hand and Ryanair will eventually have to give way (kicking and screaming all the way)

"Haven't had a strike before", there's a first time for everything, and maybe it's long overdue
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Old 14th Dec 2017, 09:13
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"Problem is, this is 2017 and the employee commands more respect."


The idea of power in the hands of the workforce died in 1979.

If FR pilots take this action, they'd better be prepared for the long game and they'd better be all in this together. Anything less will result in the man dismissing pilots for breach of contract. After all, there's a recruitment drive going on. And those new people need a demonstration of what will happen if they step out of line.

Strike action could cause a lot of short term pain for FR. But, investors and the board will back MOL all the way.
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Old 14th Dec 2017, 09:19
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Investors will back them until it starts to affect share price/dividends. Then they will turn like a pack of wolves. Dangerous game for MOL and the board and I made a comment a while back that the future of Ryanair was dependent on how they managed this crisis. Evidence is not very well and they are learning little. That in itself is dangerous. You can go from being a very strong player to a weak position very quickly and there were much bigger companies than Ryanair that no longer exist.
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Old 14th Dec 2017, 11:14
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Originally Posted by True Blue
Investors will back them until it starts to affect share price/dividends. Then they will turn like a pack of wolves.
Correct. No CEO is bigger than the company they run, and while MOL’s contribution to Ryanair’s success is unquestionable, if it’s judged that he can no longer take the company forward then his previous track record will count for little. Especially if his specific personality traits and methods are seen to be part of the problem rather than the solution.
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Old 14th Dec 2017, 11:18
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True Blue.
mmmmmmmm...
I sense an agenda....Anyhows if in the last line the reference to "much bigger companies" contains airlines (presumably not)...name one.
It would be clearer if you could add context anyway as to why these perceived companies failed "very quickly" or just failed.
For an agenda valid criteria is very helpful...hyperbole remains thus.
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Old 14th Dec 2017, 11:43
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Sorry to disappoint you but I have no agenda of any kind. Not good to assume.
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Old 14th Dec 2017, 12:26
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OK thanks for clarification around "agenda" at least.....
Peoples assumptions are rightly made at least here by what they read perhaps.
Not disappointed at all.
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Old 14th Dec 2017, 12:43
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Originally Posted by True Blue
Investors will back them until it starts to affect share price/dividends. Then they will turn like a pack of wolves. Dangerous game for MOL and the board and I made a comment a while back that the future of Ryanair was dependent on how they managed this crisis. Evidence is not very well and they are learning little. That in itself is dangerous. You can go from being a very strong player to a weak position very quickly and there were much bigger companies than Ryanair that no longer exist.
Yes, but ... one of the largest costs in a business is salaries. Increase that item and you reduce profits. Once you have increased them then that higher cost is baked in for years to come.

Higher long term operating costs may permanently reduce share price and dividends. Short term industrial disruption may possibly only impact on one financial year.

Investors can have long term as well as short term time horizons. Some short term pain to maintain a longer term goals may be acceptable.
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Old 14th Dec 2017, 12:46
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Sadly that was the point I was trying to make they don't have a long term view. It's all short term. I know because I see it every day.
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Old 14th Dec 2017, 13:07
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It's very expensive if you have to keep recruiting new staff to replace those whom you have p****d off so much that they have left.
The more MOL rails against ever recognising a TU, the more one is necessary.
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Old 14th Dec 2017, 13:22
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And it can be very expensive if one loses their job with one of only perhaps two jet airlines in their home domicile and they need to relocate to another country to work, buy/sell real estate or live a life away from home, buggesation factor, missing the wife and kids, accommodation and commuting expenses etc.

I'm no fan of MOL or Ryanair, indeed sales of popcorn should go thru the roof with this one, I'll be watching with interest but I'm not the one putting his job on the line for the audience to enjoy munching their popcorn!
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Old 14th Dec 2017, 14:02
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The people at Monarch had a much nicer outfit to work for, but look where they are.. Careful what they wish for.
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Old 15th Dec 2017, 08:33
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Now being reported in a landmark decision MOL has written to pilots stating RYR are prepared to recognise pilot unions.
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Old 15th Dec 2017, 08:42
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You beat me to it!

Ryanair moves towards recognise pilot unions - BBC News
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Old 15th Dec 2017, 09:01
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Ah only by 9 minutes )
Monitoring popcorn & softdrink shares now as impetus possibly removed for strong sales forecast by previous posters...
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Old 15th Dec 2017, 09:04
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Talk can be cheap!
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Old 15th Dec 2017, 09:08
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If we think of Ryanair as a cancer within the body of aviation in Europe then this small step takes us into the GPs surgery. It will be a long time before the patient is given the all clear as the cancer will certainly resist treatment.

Good luck to the Ryanair pilots. They'll need it.
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Old 15th Dec 2017, 09:10
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Actually previous posters forecasting RYR talking to it`s pilots & meeting some of their requirements would cost RYR dear!
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Old 15th Dec 2017, 10:21
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Bernoulli. What a stupid, idiotic remark to describe Ryanair as a ‘cancer’. As well as providing safe, affordable low fares to 10’s of millions of passengers across Europe, Ryanair has created thousands of well paid, secure jobs, not least for pilots. They’re not perfect but please don’t wish them dead, we’d all be poorer without them
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