We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Sam Boal/Photocall Ireland
Christoph Mueller

Government fails to derail Aer Lingus chief's pension bump-reports

A trade union called any increase would be “very strange”.

AER LINGUS CHIEF executive has reportedly been awarded an increased pension despite losing the backing of the Government in a vote at the airline’s AGM today.

Christoph Mueller’s pension provision could now rise from 25 per cent to 40 per cent of base salary.

This is despite the Government reportedly using its 25 per cent shareholding in the company to vote against the the proposed increase.

Ryanair, which has a 30 per cent shareholding, is thought to have voted to approve the increase.

Mueller was paid a total of €1.5 million last year, a €200,000 increase on his 2012 pay.

A spokesman for the IMPACT trade union, which represents employees of the airline, welcomed the Government’s decision to vote against the package.

He said: “In the context where some members are facing uncertainty and the likely loss of some pension benefits, it seems very strange that the CEO would be in receipt of a bonus.”

IMPACT confirmed that it had written to the Minister for Transport and Finance Minister Michael Noonan in the wake of revelations about the pay level of the chief executive, asking them to block any pension increase.

Aer Lingus posted a loss of just under €50 million for the first quarter of the year earlier this week.

Aer Lingus paid its chief executive €1.5 million in 2013>

Tourists targeted with new Shannon – Bristol route>

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.