Here's what I reckon makes the coming Ryanair job cuts pretty darn interesting: ....
(A thread, 1/7)
(A thread, 1/7)
In his video to staff, O'Leary says the airline at the minute has a surplus of about 900 pilots and cabin crew. And that's because **staff have stopped quitting** (how do you bold things on Twitter... ) 2/7
Why crew have stopped quitting (at least in part) harks back to the higher pay and better conditions that Ryanair has negotiated with unions after O'Leary's (genuinely historic) decision to recognise them at the end of 2017. 3/7
Before unions, Ryanair had to manage its relatively high level of churn, by making sure to recruit enough pilots and cc each year to cover, not just their growth plans, but the number of staff they forecast would quit annually. (4/7)
It's a pretty fundamental change in Ryanair's business model, which -- if you follow the logic of it -- could end up stabilizing Ryanair's employee base and help reduce the costs associated with doing all that training and hiring they've always had to do in the past. (5/7)
Either way, it's an interesting knock-on effect for a company that had forever resisted unionisation. The question now is how difficult it will be for Ryanair to actually make the cuts? (6/7)
Having that flexibility -- being able to cut its workforce in response to shifts in the market -- has always been one of Ryanair's main arguments against recognising a unionised workforce. (7/7 thanks for listening)
Link to the original scoop with @ellenmilligann "Ryanair Says Hundreds of Jobs On the Line Over Brexit, Max" bloomberg.com/news/articles/…
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