Ryanair Plans Hundreds of Job Cuts to Counter Brexit, Max Delays
- CEO tells staff he needs to pare pilot and cabin crew numbers
- Discount carrier to detail base closures by end of August
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Ryanair Holdings Plc is poised for one of the deepest rounds of job cuts in years as Europe’s biggest budget airline responds to falling earnings and the grounding of Boeing Co.’s 737 Max jetliner.
In a video message to staff seen by Bloomberg, Chief Executive Officer Michael O’Leary said the carrier has an excess of more than 500 pilots and about 400 flight attendants. On top of that it will need around 600 fewer people in those categories next summer than it had envisaged before the Max’s idling.