Seven European pension funds managing €300bn in assets are offloading Ryanair from their portfolio due to the Irish Airliners’ controversial labour tactics, FT reported on Monday. Ryanair has been removed from the portfolios of seven European pension funds managing assets of € billion ( $ 326bn ) , due to concerns over labour practices at the airline . The seven are Danish funds ATP , PFA and Sam ; Swedish fund Folksam ; the UK ’s Baillie Gifford and French consultancy Hermes EOS . Ryanair has taken legal action over its employment practices in Germany and France and has received multiples warnings from the European Commission .
Ryanair has been removed from the portfolios of seven European pension funds managing assets of € billion ( $ 326bn ) , due to concerns over labour practices at the airline . The seven are Danish funds ATP , PFA and Sam ; Swedish fund Folksam ; the UK ’s Baillie Gifford and French consultancy Hermes EOS . Ryanair has taken legal action over its employment practices in Germany and France and has received multiples warnings from the European Commission .