Ryanair to cut 3,000 jobs and close bases in Europe

LONDON: Has announced plans to cut up to 3,000 jobs and nearby bases in Europe amid the collapse of travel due to the COVID-19 pandemic.

The group announced a restructuring program on Friday that included plans for unpaid vacations and pay cuts of up to 20 percent.

The budget says that it will operate less than 1 percent of its flights from April to June and that the number of passengers will not return to 2019 levels until the summer of 2022 at the earliest.

The airline group also says it is actively negotiating with Boeing to reduce the number of planes planned in the next 24 months.

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