EasyJet CEO's Pay Cut a Solidarity Move

EasyJet CEO's Pay Cut a Solidarity Move

The new easyJet chief executive, Johan Lundgren, has voluntarily taken a £34,000 pay cut to match the salary of his predecessor, Carolyn McCall.

Lundgren came in at the end of 2017 as the top exec at the budge airline based in the United Kingdom with a salary of $1.04 million in USA currency equivalent, while his outgoing counterpart, Carolyn McCall, was making approximately the equivalent of $990,730 when she left the company after eight years of service.

McCall joined British broadcaster ITV (ITVPY) as CEO at the start of 2018, earning a base annual salary of £900,000 ($1.3 million).

The CEO added that he is committed to addressing gender imbalances in the pilot community, which "drives our overall gender pay gap", stating that the airline hopes to hit a 20-percent target for its new pilots to be female by 2020.

Mr Lundgren, who joined the low-priced airline from tour operator Tui past year, will cut his pay to £706,000 from the £740,000 level on which he was hired.

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Mr Lundgren's remuneration package - including bonuses and long-term incentive payments - is "identical" to Carolyn's, the airline said.

McCall is one of only eight female chief executives of a FTSE 100 company. The salaries ate decided in consensus with union are men and women are eqally paid.

The company has set itself the goal of hiring women to 20% of new pilot jobs by 2020. This is because the vast majority - 94% - of its pilots, who earn far more than cabin crew and other employees, are male. The airline says it has a progressive culture to enabled female pilots to progress more easily than at other airlines, with over a third of easyJet's female pilots already Captains.

Pilots in the United Kingdom, the United States, and around the world are overwhelmingly men, with women making up approximately 3 percent of the number of pilots worldwide, according to research released by the Royal Aeronautical Society.

EasyJet said they recognised "we need to do better".

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