Ryanair axes jobs, warns refunds to take up to six months
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Ryanair axes jobs, warns refunds to take up to six months

Global Economy

TBS Report
01 May, 2020, 06:40 pm
Last modified: 01 May, 2020, 06:47 pm

Related News

  • Ryanair cabin crew in Spain announce 12 more days of strikes
  • Ryanair CEO sees 'very strong recovery', nudges up passenger target
  • Ryanair boss says pilot had no choice but to land in Minsk
  • IATA calls for review into Belarus plane incident
  • Belarus throws down the gauntlet to the West

Ryanair axes jobs, warns refunds to take up to six months

Ryanair is set to cut 3,000 jobs - 15 percent of its workforce, as it restructures to cope with the coronavirus crisis

TBS Report
01 May, 2020, 06:40 pm
Last modified: 01 May, 2020, 06:47 pm
FILE PHOTO: Ryanair plane is seen at Luton Airport as the number of coronavirus cases grow around the world London, Britain, March 17, 2020. REUTERS/Peter Cziborra
FILE PHOTO: Ryanair plane is seen at Luton Airport as the number of coronavirus cases grow around the world London, Britain, March 17, 2020. REUTERS/Peter Cziborra

Ryanair boss Michael O'Leary has said it will take up to six months to refund passengers for flights cancelled because of the coronavirus pandemic.

He said the airline was struggling to process a backlog of 25 million refunds with reduced staff, reports the BBC.

However, he pledged: "If you want a cash refund, you will receive a cash refund."

Ryanair is set to cut 3,000 jobs - 15 percent of its workforce - as it restructures to cope with the coronavirus crisis.

It said the 3,000 posts under threat were mainly pilot and cabin crew jobs.

There are likely to be pay cuts of up to 20 percent for remaining staff, the airline added.

O'Leary told the BBC that the planned cuts were "the minimum that we need just to survive the next 12 months".

He said that if a vaccine was not found, "we may have to announce more cuts and deeper cuts in future".

Michael O'Leary, whose pay was cut by 50 percent for April and May, has now agreed to extend it for the remainder of the financial year to March 2021.

Litigation lawyer Jonathan Compton, a partner at law firm DMH Stallard, took issue with the idea that ticket refunds could be delayed.

"Where a flight is cancelled, the legal position is clear, the airline must provide a full refund within seven working days," he said.

"Regulators need to get more active here. The relevant regulator is the Civil Aviation Authority (CAA). The CAA must start instructing airlines to start making refunds, no ifs or buts, and it needs to do this now."

Coronavirus chronicle / Top News

Ryanair

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Sugar turning bitter!
    Sugar turning bitter!
  • Ministries, divisions with highest allocation lag in ADP implementation
    Ministries, divisions with highest allocation lag in ADP implementation

MOST VIEWED

  • Bank of England set to hike to 4% as rate peak looms
    Bank of England set to hike to 4% as rate peak looms
  • Illustration: Jinhwa Jang for Bloomberg Businessweek
    Is a US recession near? Making the call is trickier than ever
  •  Gautam Adani, center.Photographer: Tomohiro Ohsumi/Bloomberg
    The Adani short sale puts investor trust in India in doubt
  • IFIs like the IMF will need to provide new finance early on. Photo: Reuters.
    Pakistan seeks US help in unlocking $1.1 billion IMF loan - Dawn
  • Photo: Collected
    IMF: BOJ should let long-term yields rise, be ready to raise rates
  • A view of the city skyline and Huangpu river, ahead of the annual National People's Congress (NPC), in Shanghai, China February 24, 2022. REUTERS/Aly Song
    China's open borders and push to stoke economy may revive dealmaking, advisers say

Related News

  • Ryanair cabin crew in Spain announce 12 more days of strikes
  • Ryanair CEO sees 'very strong recovery', nudges up passenger target
  • Ryanair boss says pilot had no choice but to land in Minsk
  • IATA calls for review into Belarus plane incident
  • Belarus throws down the gauntlet to the West

Features

According to the CAB president Ghulam Rahman, one of the most common complaints of consumers is being deceived by sellers when it comes to the weight of goods. Photo: TBS

Has the Directorate improved consumer rights in Bangladesh?

1d | Panorama
A 2022 survey of 1,000 companies by professional services consultancy PwC found that between a sixth and a quarter had used AI in recruitment or employee retention in the past 12 months. Illustration: Bloomberg

AI is coming to your workplace. Is the world ready?

1d | Panorama
Edison Desdemona, the newly launched stellar project of Edison Real Estate, located at Bashundhara Residential Area. Photo: Courtesy

EDISON DESDEMONA: A creation like no other

2d | Habitat
BruTown by PARTI.studio. Photo: Junaid Hasan Pranto

Interesting ceiling design ideas to elevate any space

2d | Habitat

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

6h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

7h | TBS Stories
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

9h | TBS SPORTS
Why Misha Sawdagar became villain instead of a Hero?

Why Misha Sawdagar became villain instead of a Hero?

8h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

5
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

6
Ctg Port Gets A Boost: The Chattogram port officially starts to berth vessels with 10 metres drought on Monday. As of now, only 9.5m draught vessels could anchor at the port, each carrying 2,500 TEUs. But the 10m draught ship will be able to carry 4,000 TEUs, bumping up the port’s container handling capacity and bringing down costs. The photo was taken recently from the port area. Photo: Mohammed Minhaj Uddin
Bangladesh

Dollar crisis: 3 ships with 54,000 tonnes of goods get stuck at Ctg port

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]