Delay in resolving pensions crisis could cost Aer Lingus an extra Euro 15 million

The delay in finding a solution to the airport pension fund crisis is likely to cost Aer Lingus at least another Euro 15 million.

12th October, 2013

The delay in finding a solution to the airport pension fund crisis is likely to cost Aer Lingus at least another Euro 15 million.

Further delays in resolving the complex problems surrounding the Aer Lingus and Dublin Airport Authority retirement fund could threaten to unravel a pension proposal from the Labour Court, according to sources.

Under the Labour Court proposal, Aer Lingus would pay Euro 110 million towards the cost of establishing a new defined contribution...

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