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Article

7 May 2017

Author:
Financial Times

7 European pension funds divest from Ryanair due to labour disputes

Seven European pension schemes overseeing nearly €300bn of assets have pulled their investments in Ryanair due to concerns about high-profile labour disputes involving the budget airline. High quality global journalism requires investment. Denmark’s largest pension fund, ATP, and Folksam, the Swedish retirement scheme, are among the large investors that have sold their holdings in Ryanair at a time of growing concern about how the airline pays its staff and interacts with unions. Baillie Gifford, one of the UK’s largest asset managers, and Hermes EOS, the influential adviser to institutional investors, have also raised concerns about labour issues with Ryanair in recent months...