LaudaMotion CEO warns of job cuts without improved efficiency
LaudaMotion Airbus A320
LaudaMotion
Facing losses of €50 million ($56 million) this year, Ryanair subsidiary LaudaMotion warned of job cuts if flight crews do not agree to changes that are needed to improve efficiency. The warning comes on the heels of Irish LCC Ryanair’s announcement that it will need to close bases and cut hundreds of jobs as a result of delays in Boeing 737 MAX deliveries and uncertainty about Brexit, the UK’s effort to withdraw from the European Union.
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