Pay cuts, job losses or both needed at Aer Lingus, says chief executive

Lynne Embleton says restructuring is necessary to ensure the short-term survival of the airline

7th May, 2021
Pay cuts, job losses or both needed at Aer Lingus, says chief executive
Aer Lingus’s parent company International Airlines Group (IAG) reported a €1.1 billion operating loss for the first three months of 2021 as net debts soared to just under €12 billion. Picture: Artur Widak/NurPhoto

Lynne Embleton, chief executive of Aer Lingus, has warned that the airline will need to look at restructuring options such as pay cuts, job losses or a combination of both, to ensure the short-term survival of the airline.

“We’ve got to adapt to the near-term because right now Aer Lingus has got more resources than we need. We haven’t got any firm proposals today on what restructuring might look like,” Embleton said....

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

More than 500 jobs at risk at Lufthansa’s Shannon base

Aviation Lorcan Allen 5 days ago

Stobart Air to be liquidated with the loss of 480 jobs

Aviation Lorcan Allen 6 days ago

Irish tourism depends on rollout of antigen testing, companies warn

Hedge fund owner builds €1 billion stake in Ryanair

Aviation Barry J Whyte 2 weeks ago