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Article: Aer Lingus calls cuts key to survival
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 8, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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DUBLIN - Aer Lingus Group PLC will slash its workforce by almost
one-fifth and reduce wages for better-paid employees as the Irish
airline seeks to cut costs and survive the recession.
A total of 676 positions will be eliminated, and salaries of more
than $51,000 a year will be reduced, Aer Lingus said yesterday.
Chief executive Christoph Mueller said that the outlook for
Ireland's second-biggest carrier is poor and that more jobs may have
to go to ensure the company's viability.
Airlines may lose a combined $11 billion this year, the
International Air Transport Association says.
Aer Lingus has been hit particularly hard as the Irish economy
shrinks a projected 7.8 percent, with September ...