Ryanair could see job losses if flights grounded beyond May: CEO
FILE PHOTO: Ryanair Boeing 737-8AS plane takes off in Riga, Latvia March 16, 2020. REUTERS/Ints Kalnins
LONDON (Reuters) - Ryanair
O'Leary has said that the airline group assumes flights will stay grounded until a "limited" resumption in June.
"We've kept almost everybody in employment at the moment, with the benefit thankfully of the various payroll support schemes ... We're topping it up where we can. So we are ready to come back pretty quickly," O'Leary told Sky News.
"We've certainly guaranteed all of our people that we would maintain the payroll through April and through May. If it continues beyond that, I think we would have to look at some job losses."
(Reporting by Alistair Smout; editing by Stephen Addison)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- Japan FX chief Mimura says on alert over yen moves, not reassured
- France starts tests on Tesla's self-driving tech
Create E-mail Alert Related Categories
ReutersRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share