Hi all
How is MoL supposed to deal with pilots? They hold all the chips in EI;strongest union, IALPA( SIPTU are only blowhards,they always give in, in the end, to the Company.IALPA know their strength and almost always win their fights); greatest shareholding of EI shares as well as having the best terms and conditions of all the workforce, (bar top management). The staff might shout and puff but in the end, they'll either be lured by a money offer for their ESOT shares or simply be let go on reduced redundo terms.Of the engineers and pilots, only those with 737 Types are of immediate value for short-haul.
The Government wants to keep it's 25% share.Let them. Mol only needs 51%, which is within reach.Once he gets that, he might simply turn around and offload it to Emirates, which, I suspect, is what Mannion wants anyway....After that, we're ******.
regards from the toolshed
TDD