Ryanair to cut 3,000 jobs
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It's actually quite easy to deny that MOL speaks facts. How about this quote: "I would challenge any pilot to explain how this is either a difficult job, or how it is they are overworked or how anybody who by law cannot fly more than 18 hours a week could possibly be suffering from fatigue"
Same with pilots hours. He'll fly from DUB to STN and see it took 45 minutes from wheels up to wheels down. Do a quick head calculation of 2 return flights a day per shift and 5 days and that is the number he blurts out at the next meeting. Or in the legal 18 hours a week case probably 900 divided by 52.
Plate
Many moons ago when a Dublin taxi plate cost the same as a deposit on a house O'Leary bought one which saved him half an hour on his commute..
Whilst I am still waiting for a rebate from him at least he didn't charge me £7,000 for a free ticket change to Singapore as BA did to my daughter in March.
Whilst I am still waiting for a rebate from him at least he didn't charge me £7,000 for a free ticket change to Singapore as BA did to my daughter in March.
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After finding myself on the dole nearly 3 years, I’m very glad to be working for him right now.
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Many moons ago when a Dublin taxi plate cost the same as a deposit on a house O'Leary bought one which saved him half an hour on his commute..
Whilst I am still waiting for a rebate from him at least he didn't charge me £7,000 for a free ticket change to Singapore as BA did to my daughter in March.
Whilst I am still waiting for a rebate from him at least he didn't charge me £7,000 for a free ticket change to Singapore as BA did to my daughter in March.
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https://www.austrianwings.info/2020/...v-unzulaessig/
Legally binding OGH judgment: Passengers affected by the "rip-off" of the Ryanair subsidiary LaudaMotion can now reclaim the fee.
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Latest Ryan annual accounts released show just over 1 billion euro profit for the past year.
Mind you the most interesting statement in them was " As we look beyond the next year, there will be significant opportunities for Ryanair's low-cost growth model as competitors shrink, fail or are acquired by government bailed-out carriers," .
MOL. Great white in the aviation world. Bet he's rubbing his hands in expectation of making a few killings.
You can safely bet that this outfit will do very well in the present and future climate we are faced with.
Mind you the most interesting statement in them was " As we look beyond the next year, there will be significant opportunities for Ryanair's low-cost growth model as competitors shrink, fail or are acquired by government bailed-out carriers," .
MOL. Great white in the aviation world. Bet he's rubbing his hands in expectation of making a few killings.
You can safely bet that this outfit will do very well in the present and future climate we are faced with.
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? more than 3000 jobs if not agree to pay cuts
Irish independent reports-
https://m.independent.ie/business/jo...-39213501.html
“There’s a dialogue going on with the unions,” said Mr O’Leary. “What we’ve said is that we will need up to 20pc pay cuts. It’s 20pc for higher paid people like the captains. It is down at around 10pc for the lesser paid cabin crew. It’s variable. But if we don’t get those pay cuts, we will be back for considerably more than 3,000 job losses at the end of June.
“We’re not messing,” he added. “Everybody knows there’s an existential crisis going on in the industry.”
Mr O’Leary said Ryanair intends to try to restore the pay cuts within a three or four-year period as the industry recovers.
PS FROM WIKIPEDIA- Existential crises are moments when individuals question whether their lives have meaning, purpose, or value.[1] It may be commonly, but not necessarily, tied to depression or inevitably negative speculations on purpose in life (e.g., "if one day I will be forgotten, what is the point of all of my work?"). This issue of the meaning and purpose of human existence is a major focus of the philosophical tradition of existentialism.
https://m.independent.ie/business/jo...-39213501.html
“There’s a dialogue going on with the unions,” said Mr O’Leary. “What we’ve said is that we will need up to 20pc pay cuts. It’s 20pc for higher paid people like the captains. It is down at around 10pc for the lesser paid cabin crew. It’s variable. But if we don’t get those pay cuts, we will be back for considerably more than 3,000 job losses at the end of June.
“We’re not messing,” he added. “Everybody knows there’s an existential crisis going on in the industry.”
Mr O’Leary said Ryanair intends to try to restore the pay cuts within a three or four-year period as the industry recovers.
PS FROM WIKIPEDIA- Existential crises are moments when individuals question whether their lives have meaning, purpose, or value.[1] It may be commonly, but not necessarily, tied to depression or inevitably negative speculations on purpose in life (e.g., "if one day I will be forgotten, what is the point of all of my work?"). This issue of the meaning and purpose of human existence is a major focus of the philosophical tradition of existentialism.
Last edited by kpd; 18th May 2020 at 13:18.
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[...]
“There’s a dialogue going on with the unions,” said Mr O’Leary. “What we’ve said is that we will need up to 20pc pay cuts. It’s 20pc for higher paid people like the captains.
[...]
Mr O’Leary said Ryanair intends to try to restore the pay cuts within a three or four-year period as the industry recovers.
[...]
“There’s a dialogue going on with the unions,” said Mr O’Leary. “What we’ve said is that we will need up to 20pc pay cuts. It’s 20pc for higher paid people like the captains.
[...]
Mr O’Leary said Ryanair intends to try to restore the pay cuts within a three or four-year period as the industry recovers.
[...]
Let's tell the truth: All pilots (also the FOs) looking at a 20% paycut restored to current pay over the next 5 years. No salary progression in the next 5 years, no negotiations, and of course even if the pilots agree to those terms: No guarantee that the jobs cuts can be avoided. And that's just a part of the new T&Cs. At least that's what I´ve heard.
An old pal of mine FR 4 Striper, saying that he has new terms, 20% cut as well as potential changes in roster during various periods, he did say, but it sounded a little complicated for to recall exactly when. Can't blame MOL, he's after the lowest cost seats in Europe and he's going to be streets ahead of the feeble competition. Not a fan but you have to credit his ruthlessness.
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The chances of actual job cuts at RYR are fairly slim, I believe. Maybe a general switch from salaried contracts to zero-hour ones, as it used to be in earlier days, but little to no actual job losses. As long as everyone is on a zero-hour contract and only getting paid for however much work he/she does, it hardly matters how many staff are there. Whether it will be one pilot doing 90 hours per month or three pilots doing 30 hours per month each, it doesn't make any difference to the balance sheet. MOL needs to have all hands on deck for the moment RYR can take over flights from any of the less fortunate carriers. And if that comes with lower than usual labour costs - well, that's even better for the shareholders. Most pilots are unlikely to oppose the move as staying in employment for 80% of your wage is still a long way better than being unemployed and not even able to claim unemployment benefits because of your bogus self-employment for the last X years. And that's how everyone is (reasonably) happy and ready to conquer new markets and come out of the crisis as one of the few winners.
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An old pal of mine FR 4 Striper, saying that he has new terms, 20% cut as well as potential changes in roster during various periods, he did say, but it sounded a little complicated for to recall exactly when. Can't blame MOL, he's after the lowest cost seats in Europe and he's going to be streets ahead of the feeble competition. Not a fan but you have to credit his ruthlessness.
for everyone else directly employed it is a different matter....
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Let's take som quick math to O'Leary's claims that middle seat free is unsustainable.
According to the Ryanair results presentation their average fare is 37 euro. Add 50% and it becomes 55.5 Still below Easyjet's current of 59 according to the same presentation.
It seems more of a pshycological problem for top brass rather than for any real economic reason, that airlines think they should be excempt from the physical distancing that every other business have to put up with.
Some will always persist on squezing the last of capacity out of both materiel and staff, even at the cost of suffering, for others.
According to the Ryanair results presentation their average fare is 37 euro. Add 50% and it becomes 55.5 Still below Easyjet's current of 59 according to the same presentation.
It seems more of a pshycological problem for top brass rather than for any real economic reason, that airlines think they should be excempt from the physical distancing that every other business have to put up with.
Some will always persist on squezing the last of capacity out of both materiel and staff, even at the cost of suffering, for others.
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Let's take som quick math to O'Leary's claims that middle seat free is unsustainable.
According to the Ryanair results presentation their average fare is 37 euro. Add 50% and it becomes 55.5 Still below Easyjet's current of 59 according to the same presentation.
It seems more of a pshycological problem for top brass rather than for any real economic reason, that airlines think they should be excempt from the physical distancing that every other business have to put up with.
Some will always persist on squezing the last of capacity out of both materiel and staff, even at the cost of suffering, for others.
According to the Ryanair results presentation their average fare is 37 euro. Add 50% and it becomes 55.5 Still below Easyjet's current of 59 according to the same presentation.
It seems more of a pshycological problem for top brass rather than for any real economic reason, that airlines think they should be excempt from the physical distancing that every other business have to put up with.
Some will always persist on squezing the last of capacity out of both materiel and staff, even at the cost of suffering, for others.