Aer Lingus to shed 700 jobs
Thursday, 08 Oct, 2009
0
Aer Lingus is to cut almost 700 jobs and warned that further cuts were possible “to ensure the continued viability” of the airline.
The Irish carrier aims to make 97 million euros-worth of savings before the end of 2011 by slashing operating costs.
Besides job cuts, the airline is targeting reductions in basis pay for those earning more than 35,000 euros a year, cuts in variable pay and allowance for all staff.
The cost cutting involves 498 redundancies in operational areas and 187 from head office and support areas. These are in addition to 51 previous HQ redundancies.
Total staff savings will amount to 74 million euros a year from 2011, with around 80% of this expected next year.
“The group believes that these proposals are the fairest and most balanced way to reduce costs towards the level of lower cost competitors, while protecting the les well-paid employees,” the airline said.
It said current operating costs were “significantly out of line” with competitors.
CEO Christoph Mueller said: "The outlook in each of our current core markets is poor and, in line with the macroeconomic outlook, we do not expect any near-term recovery.
"Against this backdrop, Aer Lingus cannot continue with an operating cost base which is structurally uncompetitive when compared to that of its closest peers. A significant differential in operating costs is not sustainable."
by Phil Davies
Phil Davies
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025