Ryanair will cut up to 3,000 jobs and reduce pay by 20 per cent

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Ryanair has announced that up to 3,000 of its staff will lose their job, while others will be forced to take a 20 per cent pay cut or unpaid leave.

The airline said it did not expect passenger numbers to reach pre-coronavirus crisis levels until summer 2022 "at the earliest", and that, as a result, it would begin cutting jobs this July.

"These plans will be subject to consultation but will affect all Ryanair airlines, and may result in the loss of up to 3,000 mainly pilot and cabin crew jobs, unpaid leave, and pay cuts of up to 20%, and the closure of a number of aircraft bases across Europe until traffic recovers," it said in a statement.

The news comes after British Airways owner International Airlines Group announced it would cut up to 12,000 jobs.

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