Aer Lingus hit by E80m pay claim from trade unions
Airport unions have hit Aer Lingus with a pay and profit-share claim of almost E80m. Labour Court documents reveal that airline staff are seeking a 5% increase in pay each year for 3 years, which would cost the company E30m. The unions are also demanding the introduction of an ongoing profit-share scheme, as well as the payment to staff, by way of a lump sum, of a share of the E233m profit reported by the company in 2016. Based on the current level of profitability, a 5% share would cost Aer Lingus E35m over the period. The unions are also seeking E13m worth of double increment payments for 2 years to make up for increments that were not paid to staff between 2008 and 2016. The unions said that the company had "in the region of E1b of free cash" and has "outperformed all its peers within the IAG Group". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-03/unaligned/aer-lingus-hit-by-e80m-pay-claim-from-trade-unions
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Aer Lingus hit by E80m pay claim from trade unions
Airport unions have hit Aer Lingus with a pay and profit-share claim of almost E80m. Labour Court documents reveal that airline staff are seeking a 5% increase in pay each year for 3 years, which would cost the company E30m. The unions are also demanding the introduction of an ongoing profit-share scheme, as well as the payment to staff, by way of a lump sum, of a share of the E233m profit reported by the company in 2016. Based on the current level of profitability, a 5% share would cost Aer Lingus E35m over the period. The unions are also seeking E13m worth of double increment payments for 2 years to make up for increments that were not paid to staff between 2008 and 2016. The unions said that the company had "in the region of E1b of free cash" and has "outperformed all its peers within the IAG Group". <br/>
