It seems that EI is in a spot of reconsideration at the moment as its crew have voted against a cost cutting proposals.
With the rejection of the cuts, EI will post a trading update instead of profits published
To quote EI…
“Following the outcome of recent staff ballots it is necessary to revise the provision for restructuring costs and amend the preliminary results accordingly.”
The proposals on the table have been accepted by Pilot unions, Middle Management and some ground crew and cabin crew. However, those represented by the Impact union have rejected the propsoal outright, with the maintence crews due to report on Tuesday
EI is really in a spot – squeezed from the bottom by Ryanair and EasyJet – whilst facing pressure from the high end and trying to make the codeshares with United and others pay off. With the Gatwick project falling apart due to cutbacks, Aer Lingus must refocus.
And pray like heck they can ride this out.
