Ryanair's Lauda Will Close Vienna Base, Cutting More Than 300 Jobs
22 Mayo 2020 - 8:59AM
Noticias Dow Jones
By Anthony O. Goriainoff
Lauda, a Ryanair Holdings PLC group airline, said on Friday that
it will shut down its main base in Austria and more than 300 pilot
and cabin crew jobs will be lost as a result.
The Austrian low-cost airline said the base in Vienna will close
on May 29 after it couldn't agree new labour contracts with the
union Vida.
The airline said it had asked Austria's Finance Minister Gernot
Blumel to require Vida to sign the new collective labour agreement
to save jobs as he was negotiating an 800 million euros ($877.0
million) state aid bailout for Lufthansa subsidiary Austrian
Airlines.
"It is regrettable that the Chancellor should roll out subsidies
for a German airline while allowing Vida to destroy 300 Lauda jobs
of Austrian citizens in Vienna," Lauda said.
Ryanair bought an initial stake in Lauda in 2018, before taking
full control in early 2019. It has booked consistent losses on the
airline, blaming tough competition from Lufthansa, while planning
to replace its Airbus fleet with Boeing aircraft.
Ryanair shares in London at 1320 GMT were up 1.4% at
EUR10.67.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
May 22, 2020 09:44 ET (13:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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