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Article: Cantillon

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The Irish Times
Article date:
October 8, 2009
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Inside The World Of Business Industrial action likely as airline plays same old tune

HERE WE go again with Aer Lingus. For the third time in as many years, the airline wants staff to agree to a multimillion euro restructuring plan. If they don't, management has warned that the airline could eventually disappear off the radar.

Sound familiar? It should do. Former chief executive Willie Walsh spoke in similar terms post-9/11 and his successor Dermot Mannion went to the well twice looking for cuts of [euro]20 million and [euro]100 million respectively from Aer Lingus staff.

This time around, the headline figure is [euro]97 million but the cuts are deeper, with the airline wanting to let 676 ...

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