€20m to lure 260 airport retirements

OVER €20 million will be set aside by the new Shannon Airport Authority (SAA) for a voluntary retirement package to attract at least 260 workers, an industry source confirmed last night.

The Dublin Airport Authority (DAA) board, which has overall responsibility for Shannon until next April, was notified about the deal yesterday.

Dublin was told that the Shannon Airport Authority (SAA) intends to open discussions with the trade unions about a voluntary early retirement package that will cut costs. A SAA spokeswoman stressed that any job cuts will be voluntary and that they were needed to address the “unacceptable budgetary outlook for Shannon”.