4 ms·
The CEO of Ryanair, Michael O'Leary, is vehemently opposed to unions and workers rights. I imagine this is as much a personal vendetta for him as it is an exerc
by richeyryan 8y ago
The CEO of Ryanair, Michael O'Leary, is vehemently opposed to unions and workers rights. I imagine this is as much a personal vendetta for him as it is an exercise to maintain low costs which of course is Ryanair's whole business model.
If they have to increase their spending on workers as a result of this action, it is more likely to be an existential threat to the company rather than any regulatory or customer reaction.
- user5994461 8y agoSelling return tickets for £20 surely put pressures on their wages.
- tjoener 8y agoYet their net income is over a billion dollars. Surely some spending can be allowed
- gnu8 8y agoHe's only opposed to unions and worker rights because they would affect the profits of his company, and by extension, how much money he makes personally. If Ryanair's business model is only sustainable by exploiting workers, then it is good that the company collapses because it's nothing more than a hack to transfer wealth from the workers and passengers to the CEO and shareholders. Funny how these people only scream about redistribution when it's from the rich to the poor, and not the other way around.
- deleted 8y ago[deleted]
- vinceguidry 8y agoIf net income is only around $1B, as another poster stated, then regulatory action can easily put them in the red, forcing an investor reckoning. The business can accommodate a shift in economics. It may not be able to survive a severe enough fine.