Monarch Staff Agree To Pay Cuts

Pilots, cabin crew and MRO staff working for Monarch have voted to accept changes to pay and working conditions as a part of the group’s restructure to become a low-cost airline.

Pilots, cabin crew and MRO staff working for Monarch have voted to accept changes to pay and working conditions as a part of the group’s restructure to become a low-cost airline.

The deal follows negotiations with unions representing the UK firm’s pilots, cabin crew and engineers, and will see salaries cut by up to 30 per cent alongside alterations to shift patterns and other working conditions.

More than 90 per cent of the staff that participated in the vote agreed to accept Monarch’s proposed terms.

On Tuesday (September 23) the board of Monarch Holdings announced that Greybull Capital LLP was its preferred bidder to acquire the group from its current shareholders, principally the Mantegazza family.

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