Ryanair to cut 3,000 jobs
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Legislation in every country is different when it comes to that.
And for the record, the same in easyJet, there is no published seniority list in any country, and no agreement regulating possible redundancies either.
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Sure, having a staff number is the same thing as stipulating a legally binding redundancy policy based on seniority in a company with branches and employees in 6 or 7 different countries with different legislations. Right.
Last edited by dirk85; 2nd May 2020 at 22:53.
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Maybe I’m missing something. But isn’t this the airline that essentially saved Boeing in 2001, and tends to grow in crisis. This is certainly unprecedented, it’s worse than 9/11 or 2008 for the industry. The key word is up to and MOL seems to be pushing hard on governments for tax adjustments etc. However, in the wake of this Norwegian based on their proposals won’t be in the market, if Stelios gets his way EasyJet are smaller, and if BA follow through on LGW. LGW as an example is a relatively empty place..MAN has no Flybe base or Thomas Cook within 6 months. I’m not sure any other airline in the world could capitalise on a crisis like Ryanair. There may well certainly be base closures, job cuts and so on. But at the end of this you’re potentially looking at an airline that wreck havoc of what’s left behind after Covid19. Ryanair will need it’s pilots to fill those holes and capitalise within 12 months. I understand the rhetoric is to despise Ryanair on this forum, but I just thought I’d throw out an alternative view.
In another unpopular sentence, MOL has been extremely accurate in everything he has said to press. I sincerely hope he follows through on court action.
In another unpopular sentence, MOL has been extremely accurate in everything he has said to press. I sincerely hope he follows through on court action.
BA and BALPA have a legally binding agreement on redundancy that BA are threatening to completely ignore. I have little doubt Ryanair would act how they please and take any lumps down the line. They are past masters at expanding and contracting bases due to “costs” while the flying doesn’t actually change.
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LIFO, why would Ryanair adopt this considering quite a lot of most recent starters emanated from the cadet scheme where Ryanair covered the cost of the training in exchange for 5k euro and bonding for 5 years
In addition cadets are the lowest paid, wouldn't make economical sense to just let the lowest paid individuals to walk away with a free type rating and hundreds of hours on type
The memo also stated "3000 job losses and/or pay cuts", cannot understand why you would include and/or, is this a provocation from Ryanair to get a reaction from UK or Irish government to give them some form of financial support by cutting airport taxes
Would not be surprised if MOL manages to get another large order in for Max aircraft at lower prices when Boeing are on their knees
In addition cadets are the lowest paid, wouldn't make economical sense to just let the lowest paid individuals to walk away with a free type rating and hundreds of hours on type
The memo also stated "3000 job losses and/or pay cuts", cannot understand why you would include and/or, is this a provocation from Ryanair to get a reaction from UK or Irish government to give them some form of financial support by cutting airport taxes
Would not be surprised if MOL manages to get another large order in for Max aircraft at lower prices when Boeing are on their knees
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LIFO, why would Ryanair adopt this considering quite a lot of most recent starters emanated from the cadet scheme where Ryanair covered the cost of the training in exchange for 5k euro and bonding for 5 years
In addition cadets are the lowest paid, wouldn't make economical sense to just let the lowest paid individuals to walk away with a free type rating and hundreds of hours on type
The memo also stated "3000 job losses and/or pay cuts", cannot understand why you would include and/or, is this a provocation from Ryanair to get a reaction from UK or Irish government to give them some form of financial support by cutting airport taxes
Would not be surprised if MOL manages to get another large order in for Max aircraft at lower prices when Boeing are on their knees
In addition cadets are the lowest paid, wouldn't make economical sense to just let the lowest paid individuals to walk away with a free type rating and hundreds of hours on type
The memo also stated "3000 job losses and/or pay cuts", cannot understand why you would include and/or, is this a provocation from Ryanair to get a reaction from UK or Irish government to give them some form of financial support by cutting airport taxes
Would not be surprised if MOL manages to get another large order in for Max aircraft at lower prices when Boeing are on their knees
I completed my base training 10 days before the airline let us go. Walking away with a free type rating doesn't sound so nice when all you have is 1hr in the RHS and 6 touch and goes.
Regarding your last point that's more wishful thinking than I'd be comfortable sharing at the moment.
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passenger figures drop 99.6% last month
https://www.irishexaminer.com/breaki...ed-997672.html
40,000 flights per month down from 13.5 million!
40,000 flights per month down from 13.5 million!
Last edited by kpd; 5th May 2020 at 08:48. Reason: figures
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Deadline for new boeing deal aparently mid may according to Mol on reuters.
I think the only job cuts maybe from a smaller bases, or perhaps the closure of loss making lauda.
MoL and ryr do very well out of these once in a generation type events. Boeing are on their knees and will no doubt start a buy one get one free on the max!
For the past 2 years every single memo from hq to staff has been threatening job cuts, he has begrudged the payrises crews received in the wake of the mass exodus of staff on 2015-2016, ever since then he has been trying to get the salary bills back down.
I expect minimal losses, but perhaps haircuts and enforced unpaid leave spells. Until there is a cancellation of the 150+ orderbook, I do not envisage many cuts.
I think the only job cuts maybe from a smaller bases, or perhaps the closure of loss making lauda.
MoL and ryr do very well out of these once in a generation type events. Boeing are on their knees and will no doubt start a buy one get one free on the max!
For the past 2 years every single memo from hq to staff has been threatening job cuts, he has begrudged the payrises crews received in the wake of the mass exodus of staff on 2015-2016, ever since then he has been trying to get the salary bills back down.
I expect minimal losses, but perhaps haircuts and enforced unpaid leave spells. Until there is a cancellation of the 150+ orderbook, I do not envisage many cuts.
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Deadline for new boeing deal aparently mid may according to Mol on reuters.
I think the only job cuts maybe from a smaller bases, or perhaps the closure of loss making lauda.
MoL and ryr do very well out of these once in a generation type events. Boeing are on their knees and will no doubt start a buy one get one free on the max!
For the past 2 years every single memo from hq to staff has been threatening job cuts, he has begrudged the payrises crews received in the wake of the mass exodus of staff on 2015-2016, ever since then he has been trying to get the salary bills back down.
I expect minimal losses, but perhaps haircuts and enforced unpaid leave spells. Until there is a cancellation of the 150+ orderbook, I do not envisage many cuts.
I think the only job cuts maybe from a smaller bases, or perhaps the closure of loss making lauda.
MoL and ryr do very well out of these once in a generation type events. Boeing are on their knees and will no doubt start a buy one get one free on the max!
For the past 2 years every single memo from hq to staff has been threatening job cuts, he has begrudged the payrises crews received in the wake of the mass exodus of staff on 2015-2016, ever since then he has been trying to get the salary bills back down.
I expect minimal losses, but perhaps haircuts and enforced unpaid leave spells. Until there is a cancellation of the 150+ orderbook, I do not envisage many cuts.
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If Ryanair sticks to the all planes have to be at least 90% full business model it will take a long time before they'll come back. Many potential customers just won't be comfortable with being that close to others for a while. Other airlines will return faster and have a good foothold before Ryanair again can crowd the skies. And they won't be the only ones returning with reduced wages.
Boeing has secured a lot of additional funding for the crisis. Will they see any point in making up the numbers or will they hold out for a better price. Specially since they have nothing airworthy to neither sell nor deliver to them at the moment. Usually these deals if they come to anything are announced as a fait accompli. Theis time it is more like a toe in the water from the Ryanair side. And it is not like Ryanair need to go via the press for Boeing's attention.
Boeing has secured a lot of additional funding for the crisis. Will they see any point in making up the numbers or will they hold out for a better price. Specially since they have nothing airworthy to neither sell nor deliver to them at the moment. Usually these deals if they come to anything are announced as a fait accompli. Theis time it is more like a toe in the water from the Ryanair side. And it is not like Ryanair need to go via the press for Boeing's attention.
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However i don’t like Ryanair as a company nor employer, i do think it is a strong brand which is financially very solid. The biggest hurdle they have to overcome is the protectionism raising over the European continent. Eg: when LH is now negotiating with the German State i can perfectly imagine that during these the negotiations, names like Ryanair, easyjet and wizz are spoken out and the fear of their competition and market share, leading to the possible result that LH would be unable to pay the credits back and cutting even more jobs.
And of course, ms Merkel wants to see “her” tax money back so why not protecting the german market??
I foresee much harder rules to enter markets for foreign companies to protect legacy companies.
And of course, ms Merkel wants to see “her” tax money back so why not protecting the german market??
I foresee much harder rules to enter markets for foreign companies to protect legacy companies.
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With Virgin pulling out of Gatwick, BA considering this option post pandemic and struggling Norwegian limiting traffic movement until April 2021, is there a possibility that Ryanair could be looking to purchase discounted slots from cash stressed airlines, upping their traffic within southern UK and then closing the 'regional hubs' within that area that the memo referred too?
Wizz Air seem to have expansion in their horizons this summer opening up more routes to Greece, Portugal and the recently announced Dubai route, Ryanair could be considering this as a time to capitalise as well during this difficult period; you don't accumulate 4 billion of cash on your balance sheet with luck and precautionary economics in any industry particularly an industry so volatile as aviation with such low margins.
I would say MOL still has an eye on his 5 year prize...it is more than worth his while to try get capacity back to pre-covid levels in the interim, whilst getting heavily discounted aircraft from Boeing (who else are they currently selling too, they are just taking cancelled or deferred Max orders) Max may not be available for another year, then they could start taking delivery of more aircraft in 2-3 years based on the deals he can strike now, production takes time.. if traffic levels return to pre-covid levels which is suggested by IATA economic reports, he has upped his ASK's, possibly increasing market share and share price and having one up on many players within the market who are currently fire fighting, for now try get European governments to suspend Air duty taxes, take no unnecessary aid from Governments and then they will have no long term obligations to pay in the foreseeable unlike competitors..
Wizz Air seem to have expansion in their horizons this summer opening up more routes to Greece, Portugal and the recently announced Dubai route, Ryanair could be considering this as a time to capitalise as well during this difficult period; you don't accumulate 4 billion of cash on your balance sheet with luck and precautionary economics in any industry particularly an industry so volatile as aviation with such low margins.
I would say MOL still has an eye on his 5 year prize...it is more than worth his while to try get capacity back to pre-covid levels in the interim, whilst getting heavily discounted aircraft from Boeing (who else are they currently selling too, they are just taking cancelled or deferred Max orders) Max may not be available for another year, then they could start taking delivery of more aircraft in 2-3 years based on the deals he can strike now, production takes time.. if traffic levels return to pre-covid levels which is suggested by IATA economic reports, he has upped his ASK's, possibly increasing market share and share price and having one up on many players within the market who are currently fire fighting, for now try get European governments to suspend Air duty taxes, take no unnecessary aid from Governments and then they will have no long term obligations to pay in the foreseeable unlike competitors..
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its about time Ryanair goes under, and post covid world will probably thin the lines of LCC.... Ryanair is symbol of what all is wrong in modern aviation today...
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If Ryanair sticks to the all planes have to be at least 90% full business model it will take a long time before they'll come back. Many potential customers just won't be comfortable with being that close to others for a while. Other airlines will return faster and have a good foothold before Ryanair again can crowd the skies. And they won't be the only ones returning with reduced wages. .
The only airline who can possibly grow from this, is Ryanair. £5.99 to Alicante will usually sway people’s opinions after being locked like a rat for months.
Many hate the thought of Ryanair. Yet, somehow I believe in the near future I’m going to have an ex BA/VA for company in the flight deck.
I just don’t see anyone ordering airplanes this year, other than Ryanair.. 2001 springs to mind. With Boeing cutting jobs, orders being cancelled I’m sure there’s a discussion to be had. London Gatwick would beg Ryanair to come back at this rate with a base.
I agree with the previous two posts, I can see Lauda having lay offs, possibly a few smaller base closures. The obvious way to cut the pay, is to remove the productivity bonus.
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Cant imagine there will be any requirement for pilot recruitment in RYR for at least a year ,let alone any intake of non-rated pilots from BA or VS in the near future. I would hazzard a guess the new contracts would require money down or bonding for 3 yrs and would probably be paid per hour.Salaries will be a long lost memory?
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Utter nonsense. I suggest you read the shareholder report to see where Ryanair sit in terms of cost per pax in comparison to others. I think it’s the competitors who can’t fly empty airplanes.
The only airline who can possibly grow from this, is Ryanair. £5.99 to Alicante will usually sway people’s opinions after being locked like a rat for months.
Many hate the thought of Ryanair. Yet, somehow I believe in the near future I’m going to have an ex BA/VA for company in the flight deck.
I just don’t see anyone ordering airplanes this year, other than Ryanair.. 2001 springs to mind. With Boeing cutting jobs, orders being cancelled I’m sure there’s a discussion to be had. London Gatwick would beg Ryanair to come back at this rate with a base.
I agree with the previous two posts, I can see Lauda having lay offs, possibly a few smaller base closures. The obvious way to cut the pay, is to remove the productivity bonus.
The only airline who can possibly grow from this, is Ryanair. £5.99 to Alicante will usually sway people’s opinions after being locked like a rat for months.
Many hate the thought of Ryanair. Yet, somehow I believe in the near future I’m going to have an ex BA/VA for company in the flight deck.
I just don’t see anyone ordering airplanes this year, other than Ryanair.. 2001 springs to mind. With Boeing cutting jobs, orders being cancelled I’m sure there’s a discussion to be had. London Gatwick would beg Ryanair to come back at this rate with a base.
I agree with the previous two posts, I can see Lauda having lay offs, possibly a few smaller base closures. The obvious way to cut the pay, is to remove the productivity bonus.