Irish carrier Ryanair to lay off 3,000 workers by end of July amid COVID-19 crisis

Low-cost Irish airline Ryanair on May 1 anunced that it planned to cut 15 per cent of its workforce, which is about 3,000 staff members due to coronavirus lockdown. Irish airline in a statement said that it is planning to cut jobs of over 3,000 pilots and cabin crew members due to low air traffic caused by COVID-19 pandemic. airline said that restructuring program will start in July this year as passenger levels will take until 2022 to return to rmal. 

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According to reports, airline industry is hardest-hit in almost all major countries around world as United Kingdom's Heathrow airport recorded a 97 percent decline in number of passengers travelling in April 2020, compared to same time in 2019. Ryanair's Chief Executive Officer Michael O'Leary has agreed to refund money of over 25 million customers, for which billionaire is facing heat. 

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Media reports suggest that Ryanair flights will remain grounded until July and airline may slash pay of its employees by up to 20 percent. CEO O'Leary's salary was cut by 50 percent and he has decided to continue this for present financial year, that is until March 2021. It is t just Ryanair, British Airways also plans to cut its workforce to cope with losses. 

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stimulus pack for Ryanair

According to reports, British government has said that it will t provide any aid to airline companies. Ryanair CEO has said that it is facing a challenge because its competitors in Europe, such as Air France and Lufthansa are getting subsidy from state and are also hoovering up for payroll support schemes. O'Leary said that se airlines will be able to fly on low-cost for up to five years because of government support and Ryanair will face unfair competition s a result of that. 

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(Im Credit: AP)