SR Technics on collision course as it rejects redundancy ruling

TROUBLED airline maintenance firm SR Technics last night rejected a Labour Court recommendation that it increase pension and redundancy contributions by more than €40 million.

In a move which could spark serious industrial action, the firm said its budget was limited by commercial and financial constraints and it would not be able to increase the funds which it could make available.

SR Technics is to let the first 600 of its 1,135 staff at Dublin Airport go on Friday. The rest will be let go by August. The Swiss company lost its most lucrative Dublin-based contract, Aer Lingus, last year and has decided to move remaining operations to Zurich.