SIPTU members call on Aer Lingus to engage in meaningful talks on pensions crisis
SIPTU members at Aer Lingus have reacted angrily to a claim by the company that employees may only receive 4% of their pension entitlements due to the distress of the Irish Airlines (General Employees) Superannuation Scheme (IASS).
According to SIPTU Sector Organiser, Dermot O’Loughlin, union members are astounded at the ‘provocation and deliberate scare-mongering’ in the latest statement by Aer Lingus on the pensions dispute. The IASS, which covers staff in Aer Lingus and the Dublin Airport Authority, is crippled with a €750 million deficit.
“Aer Lingus relies on flawed financial data to frighten its employees who are members of the IASS. The company is silent on the fact that it has cash reserves in the region of €900 million and has historically been one of the lowest contributors to its employee’s pension schemes.
“At the recent Labour Relations Commission hearing the company made a derisory offer to deal with the deficit in the scheme which allows it to de-risk and walk away from its responsibilities to its employees,” Dermot O’Loughlin said.
“The management of Aer Lingus would be better served if it embraced meaningful negotiations rather than continue with its provocation and deliberate scare-mongering.”
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