Jul 31, 2019

Ryanair faces 900 job losses after grounding of Boeing jet

Ryanair is facing 900 job cuts after the low-cost airline said it will cut flights next summer and potentially close some European bases as a result of the grounding of Boeing's 737 Max jet. Michael O'Leary, chief executive of the Irish low-cost carrier, told staff that it has 500 more pilots and 400 more cabin crew than required with job losses due to be announced in the next few weeks. Mr O'Leary, who warned of the job cuts at Monday's results announcement, revealed the depth of the problems in a video to staff, with 10 per cent of the company's pilots facing the axe out of a total of about 5,500 pilots. This could be damaging to the group's UK and some Irish bases, which are "Heavily dependent on people travelling between Ireland and the UK". Mr O'Leary is starting discussions with its airports to determine which of its underperforming or lossmaking bases would take a hit as it makes cuts to bases and routes because of the possible delay to deliveries of 737 Max 200s, a variant of the 737 Max 8 aircraft. While Mr O'Leary still expects to take 30 aircraft - of an original 58 - by next May, he warned that this could be reduced, depending on when the Max jet is certified to fly.

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