Pensions - Articles - Aer Lingus board to meet over pensions dispute

 The board of Aer Lingus is to meet this afternoon to discuss the threat of industrial action by its unions over issues surrounding a pension scheme operated jointly with the Dublin Airport Authority.

 Impact and Siptu have said their members will undertake a two-hour stoppage on November 19th at Dublin, Cork and Shannon airports as part of dispute over how to deal with a €748 million deficit in the Irish Airlines (General Employees) Superannuation Scheme (IASS).

 Aer Lingus said the action has created “uncertainty” for its customers and was not a constructive step in seeking to address the funding issues in the IASS.

 The airline said it “fully reserves” its position with regard to the industrial action, including holding the unions and all officials “personally liable” in respect of the losses it would sustain.

 The company claims it would lose €2 million a day from an all-out stoppage.