Ryanair shares are marginally in the red Thursday afternoon, despite news the strike threat from Irish pilots has now receded as the budget airline has provided written confirmation it now recognises pilot unions.
Vereinigung Cockpit (VC), a German pilot trade union which represents a number of Ryanair pilots in the country, said the "warning strike" will affect all flights operated out of German airports during that four-hour period.
Ryanair said the strike is "unjustified" given that the sides have agreed to meet again on January 5, adding that the pilot council which attended the talks had not been elected by its own staff and contained one person who is now in litigation with the company.
"Ryanair management has today confirmed in writing that it now recognised Impact as the representative of the airline's pilots for collective bargaining purposes, with immediate effect", Impact said in a statement.
Impact official Ashley Connolly welcomed what she described as a "breakthrough".
"We advise all customers in Germany to turn up as normal tomorrow, as we plan to operate all scheduled flights, and we will be doing our utmost to minimise any disruptions to the Christmas travel plans of our German customers".
"Rather, Ryanair is trying to win time and attempting to delay the beginning of collective bargaining", Schumacher said.
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"Ryanair's public offer to conduct negotiations with VC can only be classified as a further publicity stunt".
The Ryanair pilots in Germany said they had wanted to join their counterparts in Ireland, Italy as well as Portugal and mount a strike on Wednesday.
The union said it will meet Ryanair management on 3 January to agree a comprehensive recognition agreement that will establish collective bargaining procedures at the airline.
The low-priced carrier said it had sent a letter to Impact officials with proposals on pay and conditions and procedures for dealing with industrial relations disputes. As a result, the danger of industrial action by Irish-based pilots had receded.
Update 12.04am: Ryanair has written to IMPACT setting out its plans to recognise the pilots'union.
Those were the first since Ryanair had offered on Friday to recognise trade unions, prompting the suspension of strike action planned over the busy festive period - when many travellers head overseas for Christmas and New Year celebrations.
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