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400 pilots and 1 thousand flight attendants of the Irish budget airline Ryanair on Wednesday started a 24-hour strike, which forced the company to cancel 150 out of 400 flights to Germany. Deutsche Welle writes with reference to the words of Ryanair Marketing Director Kenny Jacobs that if the unions continue strikes, company management can reduce the flight and maintenance personnel at 12 Ryanair bases in Germany. For passengers of canceled flights, the company offered to postpone the flight for another day, or it can pay them the ticket price. It is noted that since January 2018, trade unions have been negotiating with the company's management, seeking to raise wages. They require the conclusion of the first tariff agreement.
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
May had seen Japan’s household spending declining at its most rapid pace. This drove the world’s third-biggest economy further into decline as consumers heeded authorities’ mandate of staying at home to contain the novel ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Ireland’s manufacturing sector recovered slightly after its historic drop in April. Though indicators underscored recovery, it still declined in May as the economy started emerging from government-implemented lockdowns, a survey showed ...
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