Business Irish

Wednesday 21 March 2018

Unions begin ballot for industrial action over airports pension crisis

Christoph Mueller
Christoph Mueller
John Mulligan

John Mulligan

Unions will begin balloting over 2,000 staff at Dublin Airport Authority and Shannon Airport this weekend over possible industrial action as they ramp up pressure to resolve a pension crisis, the Irish Independent has learned.

However, it's understood that there will be no threat of any action until the New Year, meaning Christmas travellers won't be impacted.

The ballot comes as unions step up efforts to force a resolution to a pension issue that affects thousands of staff.

The Irish Airlines Superannuation Scheme (IASS), a defined benefit scheme, has a deficit of about €800m.

Earlier this week, Aer Lingus chief Christoph Mueller, told staff that they will receive a 2013 pay increment and this will be reflected in their pay cheques this month.

"We will call upon all parties to engage intensively in the first quarter of 2014 with a view to finalising the implementation of the pension solution," he told staff.

Earlier this year, Aer Lingus agreed to a Labour Court recommendation that would see it inject a total of €140m into a new defined contribution scheme.

The DAA also agreed to stump up €60m for a new separate defined contribution scheme in respect of its workers' involvement in the IASS.

The deal was meant to see the IASS being frozen and its assets being invested in bonds.

Irish Independent

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