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MarketScreener Homepage  >  Equities  >  Irish Stock Exchange  >  Ryanair Holdings plc    RY4C   IE00BYTBXV33

RYANAIR HOLDINGS PLC

(RY4C)
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Ryanair : Spanish cabin crew unions threaten 10 days of strikes

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08/14/2019 | 09:21am EDT
FILE PHOTO: Ryanair logo is pictured ahead of a news conference by Ryanair union representatives in Brussels

DUBLIN (Reuters) - Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country.

Ryanair staff unions in Britain, Ireland and Portugal have already announced plans to strike in the coming weeks over pay and conditions. Ryanair pilots in Spain are also due to vote on possible industrial action.

The low-cost carrier, Europe's largest, managed to quell a series of industrial disputes last year by reaching recognition agreements with a number of unions in Europe and deals on pay and conditions with some.

But it has yet to move beyond recognition agreements with others and management angered staff two weeks ago by informing them it had 900 more pilots and crew than needed due to delays in the delivery of the grounded Boeing 737 MAX.

The SITCPLA and USO workers' unions said the threat of strike action was aimed at preventing the planned closure of bases at Gran Canaria, Tenerife South and Girona airports.

In a statement the unions said they planned to formally lodge notice of strikes on Sept. 1, 2, 6, 8, 13, 15, 20, 22, 27 and 28, unless Ryanair made concessions in the coming days.

SITCPLA spokesman Manuel Lodeiro said in a statement the unions were open to mediation by Spanish labour agency SIMA but added "we doubt very much the willingness of Ryanair to reach an agreement."

Ryanair did not immediately respond to a request for comment.

(Reporting by Conor Humphries and Ashifa Kassam; editing by David Evans)

Stocks mentioned in the article
ChangeLast1st jan.
MAX CO., LTD. 2.32% 1629 End-of-day quote.-25.75%
RYANAIR HOLDINGS PLC -2.03% 12.27 Delayed Quote.-14.32%
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Sales 2021 3 176 M 3 759 M 3 759 M
Net income 2021 -660 M -781 M -781 M
Net Debt 2021 2 464 M 2 916 M 2 916 M
P/E ratio 2021 -23,1x
Yield 2021 -
Capitalization 13 664 M 16 113 M 16 171 M
EV / Sales 2021 5,08x
EV / Sales 2022 2,17x
Nbr of Employees 17 000
Free-Float 95,1%
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Last Close Price 12,54 €
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Michael O’Leary Group Chief Executive Officer & Executive Director
Stan McCarthy Non-Executive Chairman
Neil Sorahan Group Chief Financial Officer
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