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01/11/2001
Aer Lingus unveils severance deal to staff
Aer Lingus has announced details of the voluntary severance package as part of the implementation of a restructuring plan aimed at ensuring the long-term viability of the airline.
Unveiled to staff on Wednesday, October 31, the package will cost Aer Lingus IR£40 million and depends on the implementation of “changed work practices” by the end of November 2001.
Part of a fundamental restructuring of the airline, the deal will see the axing of 2,026 permanent jobs as Aer Lingus trims staff to transform into a more flexible and cost efficient organisation.
Aer Lingus Chief Executive Willie Walsh said the next few weeks would be extremely difficult for everyone at the airline as staff studied the severance offer, but he emphasised that the package “recognised the significant contribution of the staff through the years.” He described the package as “attractive and fair to everyone at the airline”.
Aer Lingus plans to raise the IR£40 million required principally through the proposed sale of two aircraft.
Mr Walsh urged staff to “carefully consider all the details of the offer” as he said the changes were vital components in sustaining a healthy and profitable airline for employees into the future.
The deal includes a voluntary severance package; four weeks basic pay for each completed year of service up to a maximum of two years pay.
With a different superannuation scheme, pilots over the age of 48 are to be offered early retirement and an ex-gratia payment of £50,000 subject to 20 years service.
Both the schemes are voluntary and Mr Walsh said he anticipated a high uptake. However he indicated that in the event of insufficient applications being received, the company would have no option but to implement compulsory redundancies.
Last week Aer Lingus management confirmed to union representatives that funding redundancy payments through a commercial loan, backed by a Government guarantee, would financially cripple the airline. (SP)
Unveiled to staff on Wednesday, October 31, the package will cost Aer Lingus IR£40 million and depends on the implementation of “changed work practices” by the end of November 2001.
Part of a fundamental restructuring of the airline, the deal will see the axing of 2,026 permanent jobs as Aer Lingus trims staff to transform into a more flexible and cost efficient organisation.
Aer Lingus Chief Executive Willie Walsh said the next few weeks would be extremely difficult for everyone at the airline as staff studied the severance offer, but he emphasised that the package “recognised the significant contribution of the staff through the years.” He described the package as “attractive and fair to everyone at the airline”.
Aer Lingus plans to raise the IR£40 million required principally through the proposed sale of two aircraft.
Mr Walsh urged staff to “carefully consider all the details of the offer” as he said the changes were vital components in sustaining a healthy and profitable airline for employees into the future.
The deal includes a voluntary severance package; four weeks basic pay for each completed year of service up to a maximum of two years pay.
With a different superannuation scheme, pilots over the age of 48 are to be offered early retirement and an ex-gratia payment of £50,000 subject to 20 years service.
Both the schemes are voluntary and Mr Walsh said he anticipated a high uptake. However he indicated that in the event of insufficient applications being received, the company would have no option but to implement compulsory redundancies.
Last week Aer Lingus management confirmed to union representatives that funding redundancy payments through a commercial loan, backed by a Government guarantee, would financially cripple the airline. (SP)
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31 August 2010
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
Examiner Appointed To Aer Arann
The High Court has appointed an Examiner for troubled airline, Aer Arann. Aer Arann said it intends to operate normally during the period of examinership and intends to fly all Aer Arann services and all Aer Lingus Regional services operated under the airline’s franchise agreement with Aer Lingus.
29 November 2001
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
Irish airport sector hit by further redundancies
It is thought that over 200 jobs are under threat at Dublin Airport following reports that Servisair has issued protective redundancy notices to workers at the site.
09 October 2001
Aer Lingus board meets to discuss rescue plan
The board of Aer Lingus was to meet on Tuesday to discuss the options for a rescue package for the beleaguered Irish airline. It is understood that high on the agenda for the October 9 meeting was the axing of hundreds of jobs, but there were hopes that the Irish government may be prepared to step in with an aid package.
Aer Lingus board meets to discuss rescue plan
The board of Aer Lingus was to meet on Tuesday to discuss the options for a rescue package for the beleaguered Irish airline. It is understood that high on the agenda for the October 9 meeting was the axing of hundreds of jobs, but there were hopes that the Irish government may be prepared to step in with an aid package.
08 October 2009
Aer Lingus Staff Await Jobs Briefing
Irish airline, Aer Lingus has told staff in Cork and Shannon they will be briefed later today on the "restructuring" plan that is expected to see almost 700 jobs cut. The part state owned airline yesterday revealed plans to cut 676 jobs through voluntary redundancies by the end of 2011 due to their ongoing operating loss.
Aer Lingus Staff Await Jobs Briefing
Irish airline, Aer Lingus has told staff in Cork and Shannon they will be briefed later today on the "restructuring" plan that is expected to see almost 700 jobs cut. The part state owned airline yesterday revealed plans to cut 676 jobs through voluntary redundancies by the end of 2011 due to their ongoing operating loss.
10 October 2001
Aer Lingus staff told of serious threat to company
Aer Lingus management have sent a letter to staff indicating that the company’s viability is under the most serious threat ever encountered. The Chief Executive of Aer Lingus, Larry Stanley, told staff that the losses faced by the company were “truly staggering”.
Aer Lingus staff told of serious threat to company
Aer Lingus management have sent a letter to staff indicating that the company’s viability is under the most serious threat ever encountered. The Chief Executive of Aer Lingus, Larry Stanley, told staff that the losses faced by the company were “truly staggering”.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
