Friday, October 05 14:16:49
The SIPTU pension committees at Aer Lingus and the Dublin Airport Authority (DAA) have described as 'derisory' proposals put forward by the two companies to resolve the row that nearly caused a major strike this week over pensions.
Management and unions at the two companies are trying to resolve a row over a E748m deficit in their joint pension fund, the Irish Aviation Superannuation Scheme.
SIPTU called off threatened industrial action last week to allow labour court to proceed.
According to SIPTU Organiser, Dermot O'Loughlin, Aer Lingus has offered to provide between E9 and E15 million to resolve the pension crisis and will not inject any lump sums unless staff accept very significant productivity measures.
He said the DAA has agreed to provide E33 million, without any preconditions, and another E10 million if 'secondary' pension matters are resolved.
"Both committees have concluded the proposals are derisory in the context of the scale of the pension deficit. Following a meeting at the Irish Congress of Trade Unions this morning we have written to the Labour Relations Commission (LRC) seeking its assistance to obtain a very significant improvement on the monies offered by both companies. The pension committees have also asked the LRC to urgently comment on the status of this negotiation process."