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Irish airline Aer Lingus to cut more staff

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Thursday, March 11, 2010

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An Aer Lingus Airbus A320-200 taxis at Bristol International Airport, Bristol, England.
Image: Adrian Pingstone.

Aer Lingus, an Irish airline, has announced that it will cut about 230 staff in the near future in compulsory job losses, bringing the total number of layoffs from the airline to 670. 440 other workers will face voluntary job losses.

The company believes the job reductions will save it 97 million euros. Chief Executive Officer Christoph Mueller said the move would start "within days" and the airline would return to profitability "relatively soon."

The airline, which is Ireland's second-largest, also announced today that its operating loss for last year went up by four times, to 81 million euros. The labour union IMPACT, which represents cabin crew for Aer Lingus, is to meet with the airline's management tomorrow regarding the company's move. The union also remarked that time available to "broker a solution is extremely limited."

Aer Lingus revenue dropped to 1.21 billion euros after an eleven percent drop last year, according to the airline, even though passenger numbers increased to 10.4 million. According to the Bloomberg news service, Aer Lingus' net cash reserves went down to 335 million euros.


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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

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The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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