Aer Lingus and Dublin Airport Authority will have to pay an extra Euro 80 million on top of the Euro 170 million previously estimated it would cost to fix the airport pension crisis, according to well informed trade union sources.
Staff are also set to freeze their contributions into the troubled defined benefit plan, which has a deficit of Euro 800 million, after receiving legal advice that the scheme trustees would not wind up the fund if...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team