Blaming “quarantine period”, Ryanair to cut up to 3,000 jobs
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Struggling with the quarantine, Ryanair is negotiating pay cuts, unpaid leaves and up to 3,000 job cuts. Due to the coronavirus crisis the passenger numbers by the airlines have reduced by over 5 million and the company’s CEO is expecting “deep price discounting” this summer. Majority of the planes were down since mid-March and the company is expecting at-most 50% of its scheduled flights to be back in the second-quarter.