19/11/2009
Aer Lingus Reveals Possible Redundancies
Aer Lingus may have to enforce compulsory redundancies if their level of savings cannot be agreed at the Labour Court, it has been revealed.
The Board of Directors at Aer Lingus met today to review its delivery of €97million of cost savings required as part of its Transformation Plan.
In a statement this morning, the Board and Management said that if the savings plan could not be met then it would be forced to make further reductions in capacity leading to "additional redundancies beyond those included in the Plan".
A spokesman for the airline said: "While the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out."
A spokesperson for Aer Lingus said it was clear the operating environment for Aer Lingus and airlines remained extremely challenging adding that the Board has re-affirmed that if Aer Lingus is to maintain its present scale of operations, it is essential that it urgently achieve the full €97million in savings.
The talks are due to conclude on 30 November when the Board and Management will meet to review the results.
The Company said it had accepted an invitation from the National Implementation Body to conclude negotiations with employee representatives in the Labour Relations Commission ('LRC').
The Board said it will closely monitor progress at the LRC talks over the coming week and that a further announcement may be made "as appropriate".
(DW/GK)
The Board of Directors at Aer Lingus met today to review its delivery of €97million of cost savings required as part of its Transformation Plan.
In a statement this morning, the Board and Management said that if the savings plan could not be met then it would be forced to make further reductions in capacity leading to "additional redundancies beyond those included in the Plan".
A spokesman for the airline said: "While the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out."
A spokesperson for Aer Lingus said it was clear the operating environment for Aer Lingus and airlines remained extremely challenging adding that the Board has re-affirmed that if Aer Lingus is to maintain its present scale of operations, it is essential that it urgently achieve the full €97million in savings.
The talks are due to conclude on 30 November when the Board and Management will meet to review the results.
The Company said it had accepted an invitation from the National Implementation Body to conclude negotiations with employee representatives in the Labour Relations Commission ('LRC').
The Board said it will closely monitor progress at the LRC talks over the coming week and that a further announcement may be made "as appropriate".
(DW/GK)
Related Irish News Stories
Click here for the latest headlines.
21 March 2024
BCC Unveils Refreshed Strategic Plan For Belfast City Centre
New plans to support the most vulnerable in Belfast while growing the economy, regenerating neighbourhoods and achieving climate targets have been published in a refreshed strategic plan for the city. First published in 2017, the Belfast Agenda set out joint vision for the city up to 2035.
BCC Unveils Refreshed Strategic Plan For Belfast City Centre
New plans to support the most vulnerable in Belfast while growing the economy, regenerating neighbourhoods and achieving climate targets have been published in a refreshed strategic plan for the city. First published in 2017, the Belfast Agenda set out joint vision for the city up to 2035.
19 October 2007
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
Ryanair Hits Out As Aer Lingus Takes Flight
With Aer Lingus proceeding with its plan to close the Shannon-Heathrow route and open a new Belfast hub instead, its biggest rival (and ironically, its biggest shareholder), Ryanair is now set to provide three additional daily flights to London to ensure Shannon Airport's capacity and traffic does not fall as a result of this Aer Lingus closure.
14 March 2024
Working Families Urged To Explore Childcare Savings Ahead Of Holidays
HM Revenue and Customs (HMRC) has called on working families who have yet to sign up for Tax-Free Childcare to find out how they could save money on their childcare costs in time for the school holidays.
Working Families Urged To Explore Childcare Savings Ahead Of Holidays
HM Revenue and Customs (HMRC) has called on working families who have yet to sign up for Tax-Free Childcare to find out how they could save money on their childcare costs in time for the school holidays.
05 November 2013
Concerns Raised Over Threatened Aer Lingus Strike
Fianna Fáil Spokesperson on Transport and Tourism, Timmy Dooley TD, has voiced his concern at the news that 91% of IMPACT cabin crew members at Aer Lingus voted in favour of industrial action.
Concerns Raised Over Threatened Aer Lingus Strike
Fianna Fáil Spokesperson on Transport and Tourism, Timmy Dooley TD, has voiced his concern at the news that 91% of IMPACT cabin crew members at Aer Lingus voted in favour of industrial action.
02 June 2009
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
Ryanair Flies Low
The budget airline Ryanair has revealed financial returns showing a major nosedive in operating profits. Ryanair plunged into the red by €169.2 million (£145.9m) in the year to March after being hit with a 59% hike in its fuel bill.
-
Ireland WeatherToday:Mainly dry this morning with sunny spells then scattered showers breaking out this afternoon. A chilly start then feeling warmer in afternoon sunshine. Light southerly winds. Maximum temperature 11 °C.Tonight:Any showers at first soon dying out. Then dry overnight with clear periods and turning chilly with a touch of frost later tonight. Minimum temperature 1 °C.