Aer Lingus announces plan to cut 676 jobs, pay and target savings of €97m by end 2011; Traffic up in September
Oct 7th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Aer Lingus today announced details of a two stage transformational restructuring plan to reduce operating costs and ensure the continued viability of the airline while retaining what it called a brand focussed on service quality and delivery. The plan is expected to reduce annual operating costs, excluding fuel, by €97 million before the end of 2011. 676 jobs will be cut. Separately, the airline reported that traffic rose in September.