Would scrapping the €10 tax bring back 50 Ryanair jobs?

Chief executive Michael O’Leary blamed the latest cuts (50 staff) on the new €10 travel tax and an increase in charges by the Irish Aviation Authority.
He called on the Government to scrap the tax.
What if the government did scrap that tax, would 50 jobs be saved or is that just a weak excuse from Michael O’Leary because his company is suffering in the Economic Downturn?
Job losses = 50
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