Published on Wednesday, July 31, 2019

Ryanair boss warns staff to brace for swingeing job cuts

Ryanair is allegedly planning to axe up to 900 jobs across the airline in the next few weeks.

Boss Michael O'Leary apparently warned staff to be prepared for job cuts in a video message, according to the BBC.

Ryanair has confirmed the existence of the video but declined to comment on its content.

O'Leary allegedly told staff redundancies would be announced by the end of August, saying that the airline has an excess of more than 500 pilots and 400 cabin crew at the moment, adding that it will need 600 fewer cabin crew next summer. However, he didn't put a number on the job losses.

The warning comes after the airline said it would need to cut flights from this winter and in summer 2020 due to delays in the delivery of its new Boeing 737 MAX aircraft, which have been grounded worldwide due to safety concerns.

Ryanair also reported a 21% fall in profits for the three months to the end of June earlier this week. O'Leary said the job cuts would be "unavoidable", but he said the airline would do its best to minimise the losses.

At the same time, O'Leary has agreed to a 50% pay cut to £457,000, and reduced his bonus to a maximum of equal to his pay, but he has been awarded an additional 10 million shares. He already owns five million.

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