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Dublin: 6 °C Friday 21 September, 2018
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Aer Lingus is seeking voluntary redundancies

But it’s nothing to do with the takeover bid.

Image: Leon Farrell/Photocall Ireland

AER LINGUS HAS launched a programme to find voluntary redundancies from their 4,000-strong workforce.

The company notified staff yesterday that any staff, bar pilots, with over two years of service could apply for voluntary redundancy.

However, the scheme is not linked to the IAG bid for the airline. It is a continuation of an cost-cutting scheme called the cost optimisation and revenue excellence or CORE plan.

The airline had offered the plan around 18 months ago, but uncertainty over the future of the company’s pension plan meant few people were willing to leave.

The notices tells staff: “In the context of the clarity provided by the recent pensions restructuring we are aware that VS (voluntary severance) may now be appealing to some colleagues.”

Staff who take up the plan will be paid six weeks pay per completed year of service to a maximum of 156 weeks, plus a bonus starting at €5,000 after 10 years and reaching €20,000 after 25 years.

The overall amount is subsequently capped at €200,000.

There is no indication how many staff will be allowed leave, though Aer Lingus says the programme will be “voluntary on both sides with the business having the final decision on whether or not to accept an application”.

Read: The three promises IAG has made to the Irish government about Aer Lingus

Read: Why does IAG want to get its hands on Aer Lingus so badly?

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