Ryanair workers taking 50% pay cut as Aer Lingus offers voucher refunds plus 10%
Ryanair's staff are to take a 50% pay cut.
The company's Chief Executive Michael O' Leary told the Financial Times that it is preparing for a lengthy shutdown in European air travel due to the coronavirus epidemic.
Mr O'Leary told the newspaper they are working on a worst case scenario of two to three months, in which flights would be grounded and revenues vanish.
He said the pay cuts are being introduced in a bid to avoid mass lay-offs.
Yesterday, trade union Forsa said Aer Lingus wages are to be halved on a temporary basis.
Meanwhile, Aer Lingus has said that customers who booked flights with them between March 21 and May 31 can apply for a voucher for the full value of their travel, including taxes and charges, plus an additional 10%.
They said that the voucher can be used to book travel to / from any destination on the Aer Lingus network over the next five years.
Customers can apply for the voucher online at aerlingus.com.
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