Old 9th May 2020, 10:18
  #409 (permalink)  
The Foss
Join Date: Mar 2017
Location: Dublin
Posts: 79
Originally Posted by Panel3 View Post
If I was sorting out, to achieve a 25% reduction increwing level, I would go down the VR route first. I would expect an uptake from those who have reached their planned retirement age to secure their pension whilst the company is still operating. With the spread on both payscales and to achieve those cost savings and to prevent CR I would suggest to the employees a 82% contract with pension contributions being based on current pensionable salary figures. Written into the agreement a proviso that when passenger numbers are back at 2019 levels, all staff on the forced part time contract revert to full time prior to any recruitment. Passenger figures cannot be disputed as they are a matter for public record. If anyone wishes to remain/return to a part time contract, this would have to be done via aspirational bidding.
that would be a fair/reasonable way to approach this. IAG senior management on the other hand...
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