Aer Lingus
Right, Im back. Down to business.
Starting at the top:
I think its an absolute disgrace Aer Lingus staff being offered 9 weeks pay in redundancy for each year of service. This guarantees a minimum payment of €40,000. I couldn't believe it. This is some generous package.
This package was based on the precedent set by Eircom when they wanted to get rid of staff.
My company is presently laying off a number of staff. 5 weeks pay for each year of service is being offered which I believe is generous enough.
Did your company make profits of 85M last year and had it got 365M in cash on its annual report 12 months ago?
If you believe your offer of 5 weeks is generous then it probably is.I suggest you take it and forget about petty envy, it won't change your deal.
I don't see why Aer Lingus Staff redundancies payments should be getting subsidised by the rest of the tax payers coffers.
They aren't. Its not tax payers money.
Talk about throwing money away. Semi-States employees Aer Lingus/ESB continue to get good deal while the private sector are lucky to get anything and have to fend for themselves.
Boo Hoo.
9 weeks for every year seems ridiculous
Yeah, I agree...surprised Willy bought it. Just goes to show how badly he wants it. Wonder why...hmmm...
I note that the unions have already stated that the retained workforce will be under pressure for changes and workload and hence they will try to organise better pay for those staying.
As one who is staying...it doesn't affect me. It is unlikely any pilots will accept the deal anyhow, so no further workload there.
Do you mean me? Tsk tsk.
Yes there is planty of deadwood in Aer Lingus even still. Ranks of cleaners and loaders and caterers and pen pushers who wouldn't be missed if they died at their desks tomorrow (until someone noticed the smell).
Airlines need 2 things only. Aeroplanes and Flight Crew. The rest are DEADWOOD. Good riddance.
When are Aer Lingus Staff going to realise that they can't hold the country to ransom.
Where are they holding the country to ransom? They are doing the job they've been paid to do, such as it is.
When are they going to realise that a job isn't for life no more. You now have to work for your money.
When you are working for a company making 85M a year profits, and you have no desire to move, why shouldn't a job be for life? Just because your own dreary work makes you wanna dump it and run doesn't mean everybody has to follow suit. Get a life.
Well is this not the whole problem with voluntary redundancies? you KEEP the dead wood and loose people with prospects.
We're talking manual labour here friend, not brain surgeons.
Not all employees in Aer Lingus are dead wood. I only started in Aer Lingus 3 years ago.
August 2001? Just before 911? In by the skin of your teeth. You've had an interesting career, haven't you.
The problem is that the old school received the great benefits and perks and continue to receive them.
As opposed to a wetback like you getting them. Life is soooo unfair. Just take the package and leg it mate...your share is €40K. Not bad for pissing around some office for 3 years. You'll be happer out in the Big Bad World.
If the plan was going to achieve the removal of dead wood, it'd be worth it.
For as long as it's a voluntary scheme, however, I suspect the opposite may happen.
Funny enough...you could be right!
The deal pays wetback there 40K for 3 years. Anyone with 1 years service could get the same as thats the minimum. Meanwhile those with 20 years service are to get a maximum of around 80K. How does that work then? It favours the wetbacks! Not likely to get rid of the 'deadwood' at all!
Between the examiner, independent and Irish times one paper said the total was €70m, another said €80m and another said €90m.
Don't know who is right but this is ireland so i guess it will eventually run over €150m and then they will have to have a tribunal to find out why it cost so much.
I'll see your 150M and raise you 50M. :lol
Darlin' get out your calculator and think for yourself. It'll be between 53M and 106M depending on whether its all wetbacks, or all 'deadwood', or a mix.
My guess is it will be a mix, but strongly weighted toward wetbacks. Call it 70M.
At that price it will pay for itself in 2 or 3 years in payrole savings.
Do they still have the fairly generous early retirement scheme? I know of one guy who retired on a generous pension in his mid-forties - Nice eh?
Lovely. Whats his name? Mr.Makey-uppy? : lol
Time to sell it off is now !
Yes please!!
Just to point out that the Aer Lingus redundancy deal is not decided by the government, nor is it subsidised by the tax-payer. <!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr>
Good Lord...a ray of truth!! Surely not on Askaboutmoney!! I dooooon't believe it!
<!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr>I would be concerned that Aer Lingus...will fall into the hands of the same six or seven super rich people who seem to own everything
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Correct. I've warned of it for months on here and just got scoffed at...but suddenly its gonna happen.
Doh!
employees deserve some level of praise...but they still don't operate at anything like the level they would have to in a small private business.
Errr...its NOT a SMALL PRIVATE BUSINESS. Its a LARGE PUBLIC COMPANY.
I am concerned that the main beneficiary of this change will be the group of super rich who will eventually buy it if it is sold off.
Do you smell coffee? Someone smell coffee???
I accept that as it's only share holder the government has received a dividend,<!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr>
Ohhh yes...
<!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr>.... but did the government not put up the cash to buy aircraft in the past (again j
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Nope...never. Aircraft were always purchased through profits or borrowings. Unless you mean the two or three string bags they financed back in 1947. I think they got their moneys worth.
has the return on that capital been as high as it would have been if the government had put it into a stock market investment fund for the same time period?
What a great idea!
Forget about tourism. Forget about foreign employers needs. Forget about transport. Forget about exports.
Just stick the dosh in a bank and get 2% or whatever.
Why did they bother to build LUAS? Its cost us a bloody fortune! And the Port Tunnel! Hell, I don't use either of them! Why should I subsidise them. The government should just let those buggers walk to work.
This is a company with wads of cash burning holes in its pocket. Willy wants to set it up for sale, and he's setting it up for sale the way he'd like to have it himself. The issue here is why the government is letting him spend this kind of money for no good reason except to tee it up for himself and his buddies to make a killing.
This is where the inate Irish begrudgery kicks in...the prejudice that exists against Aer Lingus is patent and manifest on this board. Just say the words 'Aer Lingus' and you can hear knees jerking from here to Ballygobackwards.