(Bloomberg) -- Pilots of Ryanair Holdings Plc. agreed to accept a temporary pay cut in order to stave off job cuts, the Balpa union says in a statement.
96% of the pilots voted to accept a 20% pay reduction in order to save 260 jobs that were at risk: Balpa
70 pilot jobs that are at risk because of planned base closures still to be resolved.
As part of agreement, pilot pay to be restored to 100% over next four years: Balpa
