Aer Lingus, an Irish airline, has announced that it will cut about 230 staff in the near future in compulsory job losses, bringing the total number of layoffs from the airline to 670. 440 other workers will face voluntary job losses.

The company believes the job reductions will save it 97 million euros. Chief Executive Officer Christoph Mueller said the move would start "within days" and the airline would return to profitability "relatively soon."

The airline, which is Ireland's second-largest, also announced today that its operating loss for last year went up by four times, to 81 million euros. The labour union IMPACT, which represents cabin crew for Aer Lingus, is to meet with the airline's management tomorrow regarding the company's move. The union also remarked that time available to "broker a solution is extremely limited."

Aer Lingus revenue dropped to 1.21 billion euros after an eleven percent drop last year, according to the airline, even though passenger numbers increased to 10.4 million. According to the Bloomberg news service, Aer Lingus' net cash reserves went down to 335 million euros.


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Source & Attribution

Originally published by Wikinews on March 11, 2010. Original author: Wikinews.

CC BY 2.5. Photograph: An Aer Lingus Airbus A320-200 taxis at Bristol International Airport, Bristol, England.
Image: Adrian Pingstone. Photo: Arpingstone Own work Source file. Public domain. Public domain.

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