Ryanair shares are lower Wednesday, as the Irish budget airline cancelled 150 flights out of Germany amid a strike by pilots and cabin crew. The strike comes as the German unions remain unhappy with the pay and conditions offered by Ryanair at a second round of talks.
By 1015 BST, Ryanair shares were 0.38% lower at €13.00. The stock has been steady-to-a-little-lower in recent weeks.
Ryanair’s German staff strike
Ryanair’s German based pilots and cabin crew are staging a strike Wednesday, after giving just 24 hours’ notice of their intended action.
The industrial action comes as the unions representing the staff in Germany remain unhappy with the latest offers of pay and conditions from Ryanair, amid negotiations.
The ver.di union, which represents German Ryanair cabin crew, is negotiating for higher pay for their staff.
“The salaries of flight attendants at Ryanair are so low that they are insufficient to ensure a decent standard of living, plus poor working conditions and massive pressure on employees,” aid ver.di Federal Council Member Christine Behle. “The attitude of their employers is irresponsible.”
Ryanair cancels flights
Ryanair announced the cancellation of 150 flights from Germany, to help minimise the impact of the strike. The remaining 250 flights planned to leave Germany Wednesday, are currently expected to go ahead as planned.
“We condemn the short notice decision of the VC to call a strike on Wed 12th when Ryanair has already agreed to independent mediation/arbitration in Germany, has agreed to negotiate local contracts and has agreed to increase basic pay for German pilots,” Ryanair’s chief marketing officer, Kenny Jacobs said.
“To minimise customer disruption, Ryanair have been forced to cancel 150 flights of 400 flights to/from Germany tomorrow, Wed 12 Sep and all affected customers have been notified this morning and informed of their options. We apologise sincerely to our customers for this unnecessary strike and regrettable disruptions which Ryanair has done everything in its power to avoid,” Jacobs added.