Aer Lingus - 5
@320
that's an interesting story, if true. The thing that strikes me about it are the parallels with the Irish Continental Group (Irish Ferries) controversy, where ICG made Irish staff redundant and replaced them with lower cost foreign labour (they have also re-flagged a ship or two).
I suspect that the management would find it extremely difficult to undertake the suggested course of action with 25% share ownership by the Irish State, 10% by the Employee Share Ownership Trust (ESOT) and whatever other combined holdings by Pilots and other staff members. Not to mention David Begg (the chief executive of the Irish Congress of Trade Unions) on the board. And then there is a certain other large share holder FoR whom a more "cost competitive" Aer Lingus would be less than welcome.
JAS
that's an interesting story, if true. The thing that strikes me about it are the parallels with the Irish Continental Group (Irish Ferries) controversy, where ICG made Irish staff redundant and replaced them with lower cost foreign labour (they have also re-flagged a ship or two).
I suspect that the management would find it extremely difficult to undertake the suggested course of action with 25% share ownership by the Irish State, 10% by the Employee Share Ownership Trust (ESOT) and whatever other combined holdings by Pilots and other staff members. Not to mention David Begg (the chief executive of the Irish Congress of Trade Unions) on the board. And then there is a certain other large share holder FoR whom a more "cost competitive" Aer Lingus would be less than welcome.
JAS
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heard someone mention that if they run the operations seperately (EI ROI and EI UK) then there was something that can be done during strikes? how true that is... thats another story maybe someone with a bit more legal knowledge could answer that
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UK Bases
Also I assume nothing stopping EI operating BHX & MAN to Dublin
as UK originating aircraft, as well as LHR and Gatwick, which would
add up to a tidy sum in savings if all were on UK T & C.
Even possibly add EDI into that although they only operate
Dublin whereas BHX & MAN also have Cork making 8 sectors
a day possible, which might make it even all more worthwhile
with the aircraft over-nighting in the UK.
Pete
as UK originating aircraft, as well as LHR and Gatwick, which would
add up to a tidy sum in savings if all were on UK T & C.
Even possibly add EDI into that although they only operate
Dublin whereas BHX & MAN also have Cork making 8 sectors
a day possible, which might make it even all more worthwhile
with the aircraft over-nighting in the UK.
Pete
All I read in this article is a union doing its job in trying to protect its members interest, which they appear to have done well so far.I also read in this article that Ryanair have told their Shannon based staff to pack their bags,move their belongings,spouses and children to god knows where as O Leary is using them like pawns to play his games.Chalk and cheese.Perhaps that is the point you wished to make Mr Camel
MOL - Mergers are about jacking up fares.
On a TV interview regarding the BA/Iberia merger, Michael O'Leary says what he thinks are the business benefits of most mergers.
Video - CNBC.com
at about the 4:30 mark.
JAS
On a TV interview regarding the BA/Iberia merger, Michael O'Leary says what he thinks are the business benefits of most mergers.
Video - CNBC.com
at about the 4:30 mark.
JAS
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Evidence of poor logic or Irish Roulette
From a respected industry analyst in San Diego:-
Aer Lingus' Board of Directors reaffirmed the urgency in achieving €97m in cost savings as outlined in its Transformation Plan, following a review of its progress.
Aer Lingus has accepted an invitation from the National Implementation Body to conclude negotiations with employee representatives under the auspices of the Labour Relations Commission. At the conclusion of the talks, the Board and Management will meet to review the results, and in the event that the required €97m savings have not been agreed in full, will proceed to implement an alternative means of delivering the savings within the timeframe set out under the plan. Before you read on - go over that last sentence one more time. Focus on "alternative means". The next part is really funny.
Alternative means "could include further reductions in capacity", which obviously leads to additional redundancies. The carrier stated that while the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out. Read veiled threat.
So it goes like this Paddy - either you "retire", or we fire you. If you fight that, we will sell our planes, kill the company and still fire you. Do you get that Paddy? Of course Paddy does not buy this. He knows the company won't die - the government won't let that happen. So he will not play along. This is a game called Irish roulette and, unlike Russian roulette which is played with a gun, this one is played with an airline.
Aer Lingus' Board of Directors reaffirmed the urgency in achieving €97m in cost savings as outlined in its Transformation Plan, following a review of its progress.
Aer Lingus has accepted an invitation from the National Implementation Body to conclude negotiations with employee representatives under the auspices of the Labour Relations Commission. At the conclusion of the talks, the Board and Management will meet to review the results, and in the event that the required €97m savings have not been agreed in full, will proceed to implement an alternative means of delivering the savings within the timeframe set out under the plan. Before you read on - go over that last sentence one more time. Focus on "alternative means". The next part is really funny.
Alternative means "could include further reductions in capacity", which obviously leads to additional redundancies. The carrier stated that while the preference will be for such redundancies to be on a voluntary basis, compulsory redundancies cannot be ruled out. Read veiled threat.
So it goes like this Paddy - either you "retire", or we fire you. If you fight that, we will sell our planes, kill the company and still fire you. Do you get that Paddy? Of course Paddy does not buy this. He knows the company won't die - the government won't let that happen. So he will not play along. This is a game called Irish roulette and, unlike Russian roulette which is played with a gun, this one is played with an airline.
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With no comment at all.
The colourful head of Ryanair hit out at his favourite betes noires in a wide-ranging interview on RTE's Marian Finucane Show.
...
He said it was highly unlikely that Ryanair would make another bid for Aer Lingus. "We'll let them mismanage Aer Lingus for the next two years and they will then come to ask us to rescue it," he said.
...
He said it was highly unlikely that Ryanair would make another bid for Aer Lingus. "We'll let them mismanage Aer Lingus for the next two years and they will then come to ask us to rescue it," he said.
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Yet another game of Aer Lingus brinksmanship....anyone wish to take a guess as to how many times we've seen Aer Lingus go to the brink? Seems to be a bi-ennial tradition with the airline.
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I wonder if it is the wrong time of year to be having this argument. Routes will end up getting pulled just before the summer season when there's more money on them.
I guess if the two long-haul aircraft and 5 short-haul is correct, we're likely to see a complete withdrawal from long-haul at Shannon, with New York, Chicago and Boston still operated from Dublin albeit with frequencies down.
Short-haul would see 4 or 5 aircraft dropped from Dublin and 0 or 1 from Cork. I'd be more inclined to suggest 4 and 1.
I guess if the two long-haul aircraft and 5 short-haul is correct, we're likely to see a complete withdrawal from long-haul at Shannon, with New York, Chicago and Boston still operated from Dublin albeit with frequencies down.
Short-haul would see 4 or 5 aircraft dropped from Dublin and 0 or 1 from Cork. I'd be more inclined to suggest 4 and 1.
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Short-haul would see 4 or 5 aircraft dropped from Dublin and 0 or 1 from Cork. I'd be more inclined to suggest 4 and 1.
I wonder will there be any reductions at Belfast or Gatwick...
