Menu
29/10/2012
Union Disappointed At The Collapse Of Talks To Resolve Pension Crisis
SIPTU has expressed its disappointment at the collapse of talks at the Labour Relations Commission (LRC) aimed at resolving the pensions crisis at Aer Lingus and the Dublin Airport Authority (DAA).
According to SIPTU Organiser, Dermot O'Loughlin, union members and Congress representatives will meet on Tuesday to discuss their response to the latest breakdown of negotiations.
"It is disappointing that there has been no progress in the discussions to resolve the crisis which threatens thousands of employees with financial ruin in their retirement years. The intransigence of Aer Lingus is particularly disturbing as the airline is responsible for its failure to properly fund the pension scheme over many years.
"At the same time, the company has made generous pension contributions for a small number of elite staff which are ten times greater than those made for employees at lower grades. Aer Lingus has cash reserves of €1 billion and could resolve this issue if it had the will to do so. Unlike the DAA, it has refused to engage in meaningful discussions at the Labour Court or LRC over recent weeks.
"As a consequence, our members and Congress representatives are left with no choice but to meet on Tuesday (30th October) to consider the appropriate forms of industrial or other action necessary to bring this dispute over the pension deficit to a satisfactory conclusion."
(CD/IT)
According to SIPTU Organiser, Dermot O'Loughlin, union members and Congress representatives will meet on Tuesday to discuss their response to the latest breakdown of negotiations.
"It is disappointing that there has been no progress in the discussions to resolve the crisis which threatens thousands of employees with financial ruin in their retirement years. The intransigence of Aer Lingus is particularly disturbing as the airline is responsible for its failure to properly fund the pension scheme over many years.
"At the same time, the company has made generous pension contributions for a small number of elite staff which are ten times greater than those made for employees at lower grades. Aer Lingus has cash reserves of €1 billion and could resolve this issue if it had the will to do so. Unlike the DAA, it has refused to engage in meaningful discussions at the Labour Court or LRC over recent weeks.
"As a consequence, our members and Congress representatives are left with no choice but to meet on Tuesday (30th October) to consider the appropriate forms of industrial or other action necessary to bring this dispute over the pension deficit to a satisfactory conclusion."
(CD/IT)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
20 July 2017
Increase In State Pension Age Condemned
Sinn Féin has hit out at the DUP and the Tory government following a decision to increase the State Pension Age earlier than planned.
Increase In State Pension Age Condemned
Sinn Féin has hit out at the DUP and the Tory government following a decision to increase the State Pension Age earlier than planned.
01 November 2016
AWE Staff Support Strike Action
Bosses at AWE plc - the Atomic Weapons Establishment – are being urged to have urgent talks, after staff voted overwhelmingly to strike over the threat to close the defined benefit pension scheme and substitute it with an inferior alternative.
AWE Staff Support Strike Action
Bosses at AWE plc - the Atomic Weapons Establishment – are being urged to have urgent talks, after staff voted overwhelmingly to strike over the threat to close the defined benefit pension scheme and substitute it with an inferior alternative.
16 July 2015
Pensions' Dispute At Tata Steel Ends
The pensions' dispute at Tata Steel that brought the company to the brink of the biggest industrial dispute in 35 years has ended. Members of all four unions at the company have voted to accept changes to the British Steel Pension Scheme which will keep the scheme open.
Pensions' Dispute At Tata Steel Ends
The pensions' dispute at Tata Steel that brought the company to the brink of the biggest industrial dispute in 35 years has ended. Members of all four unions at the company have voted to accept changes to the British Steel Pension Scheme which will keep the scheme open.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
