It seems the year of woe is continuing in the aviation industry with Aer Lingus now being forced to make cuts to their staff in an attempt to save £90 million over the next year.
In basic terms, 100 staff have already been told their when their contracts end, they will not be renewed. In addition new IT systems and modified working practices mean that another 676 people will see pink slips/P45’s/Job Centres.
Also for those earning over €35,000 – they can expect their pay cut in certain bands with allowances cut for all. Management are trying to show their action by taking 10% cuts as well.
Perhaps the most worrying long-term thing for Aer Lingus is the black hole of the pension scheme which is being renegotiationed.
Faced with the backdrop of a falling industry, and no sign of improving traffic numbers, this can only spell bad news for the Flying Shamrock.
Good luck to those affected.
