Search archive          Sign up for our Newsletters          Aviation Jobs
Latest Aviation News  |  Industry & Technology  |  Air Transport  |  MRO & Support  |  Aircraft Interiors  |  Editorials  |  Events Calendar  |  About UsFR
 
Aviation News Ryanair chairman gets shareholder slapdown amid strikes

Ryanair chairman gets shareholder slapdown amid strikes

AFP
20 SEP 2018 | 339 words

Ryanair shareholders delivered a blow on Thursday to the no-frills airline's chairman amid widespread strike action by European staff.

Chairman David Bonderman was re-elected but only with 70.5 percent of the vote at the annual general meeting at a hotel in Gormanston near Dublin.

At last year's meeting he garnered 89.1 percent of the vote.

The company's flamboyant chief executive Michael O'Leary was re-elected with 98.5 percent of the vote.

The Local Authority Pension Fund Forum (LAPFF), a shareholder, had earlier recommended that members vote against Ryanair's report and accounts and block Bonderman's re-election.

"Ryanair has failed to adequately address concerns about the company's troubled relationship with its employees and the potential impact on its business," LAPFF chair Ian Greenwood said in a statement.

"The company faces more strikes, and allegations of poor working conditions continue to emerge", Greenwood said.

"Questions about the company's business model and governance now pose a threat to shareholder value."

Stephen Cotton, general secretary of the International Transport Workers' Federation in a statement to AFP said the choice of venue for Thursday's meeting -- a motorway hotel outside Dublin -- showed "that Ryanair is running scared".

"These are not the signs of a mature company with a sustainable industrial relations model."

Last week cabin crew in Belgium, the Netherlands, Italy, Spain and Portugal announced a 24-hour strike for September 28 -- a stoppage unions said will be the biggest strike in the Irish carrier's history.

It follows from industrial action last month which saw pilots from five European nations holding their first-ever simultaneous walkout, causing around 400 flight cancellations and travel chaos for 55,000 passengers.

The Irish airline has since struck an "in principle" deal with Italian staff, which according to unions will allow crews to work with contracts composed under Italian law rather than Irish legislation and make provisions for salary increases and a pension scheme.

 
Top stories
22 DEC 2020
EasyJet delays delivery of 22 Airbus A320neo EasyJet delays delivery of 22 Airbus A320neo
EasyJet has delayed delivery of new Airbus planes, the British no-frills airline announced Tuesday, as the coronavirus pandemic destroys demand for air travel.A total ... Continue Reading
17 DEC 2020
Shareholders back Norwegian Air rescue plan Shareholders back Norwegian Air rescue plan
Shareholders of struggling low-cost airline Norwegian Air Shuttle on Thursday backed a rescue plan that includes debt conversion, a new share issue and reduction ... Continue Reading
04 DEC 2020
Boeing scores first 737 MAX order since grounding Boeing scores first 737 MAX order since grounding
Boeing on Thursday picked up its first major order for the 737 MAX since the aircraft was grounded for 20 months following two fatal ... Continue Reading
09 DEC 2021
The world's first Airbus A320 freighter takes off
09 DEC 2021
NYCO signs a major strategic agreement with Air France to develop sustainable aircraft lubricants
09 DEC 2021
New long-term agreement between Safran and SIAEC on CFM International's LEAP engines
09 DEC 2021
Boeing to add two 737-800BCF conversion lines at STAECO's facility in China
09 DEC 2021
Sabena Aerospace to take over several maintenance activities from Lufthansa Technik
Top stories
 
Latest News     Industry & Technology     Air Transport     MRO & Support     Aircraft Interiors     Editorials
© 2024 Le Journal de l'Aviation - All rights reserved