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Saturday 23 September 2017

Strike threat looms at Aer Lingus after pension talks break down

Aer Lingus profits...File photo dated 19/04/2010 of Aer Lingus jets lined up at Dublin Airport, as higher fuel prices and airport charges saw Aer Lingus's profits drop by more than 2 million euro (£1.7 million) last year. PRESS ASSOCIATION Photo. Issue date: Tuesday February 28, 2012. The carrier's operating profit was 49.1 million euro (£41.6 million) in 2011, down from 52.5 million euro (£44.5 million). See PA story CITY AerLingus Ireland. Photo credit should read: Niall Carson/PA Wire ...A
Aer Lingus profits...File photo dated 19/04/2010 of Aer Lingus jets lined up at Dublin Airport, as higher fuel prices and airport charges saw Aer Lingus's profits drop by more than 2 million euro (£1.7 million) last year. PRESS ASSOCIATION Photo. Issue date: Tuesday February 28, 2012. The carrier's operating profit was 49.1 million euro (£41.6 million) in 2011, down from 52.5 million euro (£44.5 million). See PA story CITY AerLingus Ireland. Photo credit should read: Niall Carson/PA Wire ...A
Colm Kelpie

Colm Kelpie

AIR travellers could face chaos after talks between union bosses and Aer Lingus management over a multi-million euro pension deficit broke down this evening.













The airline said that the Labour Relations Commission had adjourned indefinitely talks on resolving the €758m black on hole in the defined benefit scheme, known as the Irish Aviation Superannuation Scheme (IASS).



The scheme also includes workers from the Dublin Airport Authority (DAA).



The carrier claimed the discussions had been “overshadowed and hampered” by an interpretation by unions that a proposal targeting 85pc of final salaries was agreed with the DAA.

In a statement Aer Lingus said: “It has been confirmed to Aer Lingus directly by the DAA that the proposal under discussion with Union groups does not target any such pension coverage level.

“We encourage the Union groups and the DAA to resume their discussions to clarify their positions.”

The DAA declined to comment.

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