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05/12/2008
Aer Lingus Take Up Deal
Aer Lingus has announced that enough staff have taken up its new severance deal to meet their cost-cutting targets.
The airline aimed to reduce staff by 7% to avoid the original plan to outsource 1300 jobs as part of a last minute deal between management and SIPTU members.
Ground operations staff were offered a new leave and return scheme whereby they would receive a severance package and then reapply for positions with Aer Lingus on lower terms and conditions.
Staff were also given the opportunity to take up an early retirement scheme or voluntary redundancy package.
However, the deal hinged on half of the ground operations staff opting for the leave and return scheme, and reports indicate the airlines quota has been fulfilled.
The news comes as Ryanair boss Michael O'Leary urged the government to dispose of it's 25% shareholding in Aer Lingus. Mr O'Leary claimed that a guarantee it had tabled on landing rights at London's Heathrow airport removed the need for the Irish government to retain a strategic stake in flagship carrier Aer Lingus.
"By giving watertight control over Aer Lingus' (Heathrow) slots, we effectively remove any need for the Irish government to retain a strategic shareholding," Ryanair Chief Executive Michael O'Leary told a news conference.
(DW)
The airline aimed to reduce staff by 7% to avoid the original plan to outsource 1300 jobs as part of a last minute deal between management and SIPTU members.
Ground operations staff were offered a new leave and return scheme whereby they would receive a severance package and then reapply for positions with Aer Lingus on lower terms and conditions.
Staff were also given the opportunity to take up an early retirement scheme or voluntary redundancy package.
However, the deal hinged on half of the ground operations staff opting for the leave and return scheme, and reports indicate the airlines quota has been fulfilled.
The news comes as Ryanair boss Michael O'Leary urged the government to dispose of it's 25% shareholding in Aer Lingus. Mr O'Leary claimed that a guarantee it had tabled on landing rights at London's Heathrow airport removed the need for the Irish government to retain a strategic stake in flagship carrier Aer Lingus.
"By giving watertight control over Aer Lingus' (Heathrow) slots, we effectively remove any need for the Irish government to retain a strategic shareholding," Ryanair Chief Executive Michael O'Leary told a news conference.
(DW)
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