20th Jan 2016 12:40
LONDON (Alliance News) - Irish budget carrier Ryanair Holdings PLC on Wednesday said it has negotiated a five-year pay and conditions deal with its 76 cabin crew bases across Europe.
The agreement follows a similar move involving the budget airline's 76 pilot bases.
Ryanair said support for the deal was overwhelming, with more than 90% of cabin crew across its bases voting in favour.
The agreements give rise to guaranteed pay and allowance increases over the next five years, as well as "improved rosters" with five days on and three days off, improved sickness benefits, new cabin crew uniforms from February 1, and more crew promotions as the airline embarks on an eight-year, 400 new aircraft order.
Chief People Officer Eddie Wilson said the airline has worked hard behind the scenes to negotiate the deals.
"The fact that Ryanair can use our improving financial performance to improve the pay and conditions of our frontline crew underlines the long standing success of Ryanair's collective bargaining model, which continues to deliver improved pay and conditions as well as job security for our pilots and cabin crew at a time when their counterparts in many other European airlines are facing job, pay and pension cuts or are engaged in industrial action to avoid such cuts," Eddie Wilson said in a statement.
Shares in Ryanair were down 3.1% at EUR14.27 on Wednesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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