Airline redundancies - Government must come clean on plans

AER Lingus is ripe for privatisation following last night’s overwhelming acceptance of a voluntary redundancy package by more workers than the company targeted.

Airline redundancies - Government must come clean on plans

As the Government ponders the company’s future, the management process of transforming the once ailing group into a slimmed-down, low-cost, high-profit outfit will now gather momentum.

Though staffing levels will be slashed, no eyebrows will be raised at the rush to leave the company. With an exorbitant package on the table, including an unprecedented nine weeks pay for each year of service, the deal proved so attractive the company got almost 1,600 takers instead of the 1,325 cuts it wanted.

Already a subscriber? Sign in

You have reached your article limit.

Subscribe to access all of the Irish Examiner.

Annual €130 €80

Best value

Monthly €12€6 / month

More in this section

Revoiced

Newsletter

Sign up to the best reads of the week from irishexaminer.com selected just for you.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited