The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.
________________________ AIRLINES: The aviation industry is teetering on the edge as travel demand crawls to a near standstill but costs remain. — Ryanair plans to cut as many as 3,000 jobs and close bases in Europe amid the collapse of travel due to the pandemic.
The budget airline announced a restructuring program Friday that includes plans for unpaid leave and pay cuts of as much as 20%.
It will operate less than 1% of its flights from April to June. — Domestic airlines in Thailand are resuming some regular flights, as half of the