Ryanair to cut hundreds of jobs because it has ‘more staff than needed’
By Wale Azeez, business reporter
Ryanair has told its staff it is preparing to announce hundreds of job losses in the coming weeks because it has more staff than it currently needs.
In a video message to staff, Ryanair chief executive Michael O'Leary told employees that the airline has 900 more staff than required, and that job losses will be announced in the coming weeks.
He said: "We already have a surplus of over 500 pilots and some 400 cabin crew, because resignations have dried up to effectively zero since January of 2019."
Mr O'Leary added: "We will need about 600 less pilots and cabin crew for summer 2020."
He claimed that the "increasing likelihood" of a no-deal Brexit in 12 weeks' time had added to the challenges facing Ryanair, and was likely to have a damaging effect on its UK and Ireland bases.
"I am sorry to advise you that this means we have to cut our aircraft numbers – and our staffing – not just in summer 2020, but also in winter 2019."
He said job cuts would take place around the end of September and again after Christmas.
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Mr O'Leary apologised to staff for the uncertainty caused, blaming the threat of a no-deal Brexit and delays in the delivery of new aircraft from Boeing.
This month Ryanair said it would cut the number of 737 MAX jets that will fly next summer from 58 to 30 due to those delays.
The airline boss said the company would begin briefing staff and unions "in the next week or two", but that final decisions about the losses are not likely to be made before the end of August, ahead of the winter schedule commencing in November.
Mr O'Leary's staff announcement came after the company released its financial results for the first quarter to 30 June, just as Ryanair faces the prospect of pilot strikes in the UK and Ireland next month.
Earlier this week Read More – Source