Economic news

British Ryanair pilots accept post-COVID pay restoration deal- union

2022.06.20 18:31

British Ryanair pilots accept post-COVID pay restoration deal- union
FILE PHOTO: Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. REUTERS/Jason Cairnduff

LONDON (Reuters) -British pilots at low-cost airline Ryanair have voted to accept a revised offer on post-COVID pay restoration following negotiations, the BALPA trade union said on Monday.

The breakthrough in one of Ryanair’s largest markets came as unions representing cabin crew in Belgium, Portugal, France and Italy prepare to strike for between one and three days each later this week.

“Following the intense negotiations Ryanair put forward a revised offer. BALPA members were balloted and voted to accept the offer,” a union spokeswoman said in an email.

In July 2020 BALPA members voted overwhelmingly to accept temporary pay cuts in order to avoid jobs losses due to COVID-19 groundings.

Chief Executive Michael O’Leary in January then said that management had begun discussions with unions about accelerating pay restoration in a deal he said might result in the extension pay agreements by a year or two.

BALPA last month said it was in negotiations with management “to end the COVID-19 mitigation measures … and to see some recognition, from management, of the loyalty and sacrifices the workforce has made.”

Ryanair did not immediately respond to a request for further details about the BALPA deal and the status of negotiations with other pilot unions. BALPA declined to provide further details.

Ryanair shares were up 5% at 1458 GMT.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 83,458.36 1.62%
ethereum
Ethereum (ETH) $ 1,919.73 1.81%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.34 0.50%
bnb
BNB (BNB) $ 584.50 0.63%
solana
Solana (SOL) $ 130.72 4.19%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.731385 1.76%
dogecoin
Dogecoin (DOGE) $ 0.171722 1.90%
tron
TRON (TRX) $ 0.221843 2.06%
staked-ether
Lido Staked Ether (STETH) $ 1,914.97 1.75%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,186.29 1.62%
pi-network
Pi Network (PI) $ 1.50 8.87%
chainlink
Chainlink (LINK) $ 14.30 8.63%
leo-token
LEO Token (LEO) $ 9.78 0.64%
stellar
Stellar (XLM) $ 0.277188 3.17%
usds
USDS (USDS) $ 1.00 0.04%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,295.98 1.63%
hedera-hashgraph
Hedera (HBAR) $ 0.193246 0.14%
avalanche-2
Avalanche (AVAX) $ 18.88 1.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 3.62%
sui
Sui (SUI) $ 2.27 1.17%
the-open-network
Toncoin (TON) $ 2.84 2.48%
litecoin
Litecoin (LTC) $ 90.78 1.76%
bitcoin-cash
Bitcoin Cash (BCH) $ 329.58 0.90%
polkadot
Polkadot (DOT) $ 4.15 3.82%
mantra-dao
MANTRA (OM) $ 6.23 3.41%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
weth
WETH (WETH) $ 1,917.55 1.61%
bitget-token
Bitget Token (BGB) $ 4.39 4.68%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.09%
hyperliquid
Hyperliquid (HYPE) $ 13.95 10.95%
whitebit
WhiteBIT Coin (WBT) $ 28.33 0.38%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,037.43 1.78%
monero
Monero (XMR) $ 206.10 0.80%
uniswap
Uniswap (UNI) $ 5.98 0.61%
susds
sUSDS (SUSDS) $ 1.04 0.15%
dai
Dai (DAI) $ 0.999957 0.00%
near
NEAR Protocol (NEAR) $ 2.65 2.69%
aptos
Aptos (APT) $ 5.23 2.79%
pepe
Pepe (PEPE) $ 0.000007 2.47%
ondo-finance
Ondo (ONDO) $ 0.874373 3.31%
okb
OKB (OKB) $ 46.45 9.76%
ethereum-classic
Ethereum Classic (ETC) $ 18.24 1.95%
internet-computer
Internet Computer (ICP) $ 5.57 1.30%
aave
Aave (AAVE) $ 171.39 0.21%
gatechain-token
Gate (GT) $ 21.04 3.32%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,405.35 1.70%
mantle
Mantle (MNT) $ 0.733662 0.61%
official-trump
Official Trump (TRUMP) $ 12.05 12.41%