Ryanair is planning to cut 3,000 jobs and reduce staff pay by up to a fifth in response to the Covid-19 crisis, which has grounded its fleet. The LCC said it was cutting 15% of its 20,000-strong workforce as it did not expect passenger numbers or pricing to return to pre-coronavirus levels until summer 2022 at the earliest. As part of a programme of sweeping cost cuts, Ryanair said it could close a number of bases across Europe until air travel recovers. The chief executive, Michael O’Leary, took a 50% pay cut for April and May and has now extended this
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