Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

TOP NEWS: Ryanair Signs Labour Accord With Italian Cabin Crew Unions

25th Sep 2018 12:26

LONDON (Alliance News) - Low cost airline Ryanair Holdings PLC on Tuesday said it has signed a collective labour agreement with the main crew unions that cover Ryanair's Italian-based cabin crew, effective from October 1.

The agreement is with unions FIT CISL, ANPAC and ANPAV and will run for three years until the end of 2021.

Governed by Italian law and the Italian courts, the agreement will allow the crew's transition to local contracts over an agreed period with immediate access to Italian benefits such as paternity and maternity leave.

In addition, pay will be delivered in a new structure, under which crews will benefit from increased tax free allowances. Also, an Italian pension scheme will be introduced.

"We have signed a CLA with the three Italian cabin crew unions, which will cover all of our Italian based cabin crew, will lead to significant pay improvements and other benefits for our Italian based cabin crew, and will start from next month. This follows recent cabin crew agreements in Ireland with FORSA and in the UK with UNITE," said Chief People Officer Eddie Wilson.

"This is a further sign of the significant progress Ryanair is making in reaching agreements with our people and their unions in different EU countries, and disproves false claims made by smaller unions not involved in these negotiations, and who are threatening strikes, which will either not take place or be unsuccessful," Wilson added.

Shares in Ryanair Holdings were down 1.0% at EUR12.91 on Tuesday.


Related Shares:

RYA.L
FTSE 100 Latest
Value8,381.87
Change-21.31