From Reuters
DUBLIN, March 9 (Reuters) - Operating losses at Aer Lingus quadrupled in 2009 according to an unaudited trading update issued after the Irish airline postponed publishing full results in a standoff with staff over cost-cutting measures.
The company's board will meet later on Tuesday to adjust provisions for cost-cutting measures after cabin crew opposed a plan to reduce its annual operating costs by 97 million euros ($133 million) by shedding up to a fifth of staff.
The proposed plan to stop it burning through its cash reserves had been accepted by unions representing pilots, middle management, maintenance staff and by some ground staff and cabin crew.
Its seems it is not only British Aiways Cabin Crew who are detached from the reality of the recession. Once again most other groups have already compromised.
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