By Elena Vardon

 

Ryanair Holdings PLC on Tuesday said that it has signed a four-year pay agreement with Irish trade union Forsa Union and its pilots, which includes pay increases and pay-cut restorations.

Under the deal, Ryanair's pilots in Ireland will get three years of pay increases over the next four years until March 2027, the Irish low-cost carrier said.

The pilots will also have pay cuts agreed on during the Covid-19 pandemic restored in their December payroll, the company said.

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

December 20, 2022 02:39 ET (07:39 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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