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AER LINGUS is to lay off 100 staff by the end of this year, saying it needs to cut payroll costs in order to remain competitive.
The airline said this morning it would launch a voluntary severance scheme hoping to reduce the workforce by 100 by the end of this year.
The airline spent €266.7 million on payroll costs last year, for a staff base of over 3,500.
Chief executive Christoph Mueller said the cuts to staff numbers were necessary after performance data for the first quarter of 2013 was released.
The airline recorded an operating loss before exceptional items of €45.5 million in the first three months of this year – €9.4 million more than the same period in 2012.
It said this was largely as a result of planned changes to its long haul fleet, a slight weakening in its performance on UK-Ireland routes, and the start-up costs of its ‘wet lease’ arrangement with Virgin, where Aer Lingus will supply aircraft and staff to operate flights between London and Edinburgh on Virgin’s behalf.
Changing exchange rates and higher airport and fuel charges had also had an impact.
“While we had expected increased operating costs in the first quarter, the Q1 performance highlights the need to continue to review our cost base to protect profitability for the rest of 2013 and beyond,” Mueller said in a trading update this morning.
“In line with the ongoing requirement to streamline our organisation structure and identify cost saving initiatives, we are launching a voluntary severance programme, with a goal of reducing headcount by approximately 100 staff by year end.”
Total passenger numbers were up by 2.2 per cent for the first quarter, with long haul passenger numbers up by 5.6 per cent. Fares per passenger were 6.5 per cent higher than the same period in 2012.
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Wonderful response from the supporters.
Cistercian College Roscrea, built in 1905 is one of only two monastic colleges in Ireland.
The school has a national and international reputation for sporting achievement. Sporting facilities include extensive playing fields (rugby, hurling, gaelic football, and soccer)
An all-weather pitch, Heated indoor swimming pool,Basketball court, Tennis courts and .Gymnasium.
Past pupils include Brian Cowen – Former Taoiseach. Willie Mullins – Racehorse trainer and former jockey. Conor Brady – Former editor of The Irish Times.
A great history.
@Emmet O’Keeffe: eh… do you work there or something?
@Emmet O’Keeffe: maybe the congregations could do the same whip around to pay for rest of the catholic church’s abuse bill
@The Throwaway:
What sort of an ignoramus are you?
@mark foley:
My guess…..an atheist ignoramus.
Oh Shut Up Shane Bradley.
People donating money to an institution the love, an institution which probably does more good for future generations than you or I know about, that is good in my book.
@sean o’dhubhghaill: i am not doubting it is a good school but it is elitist.. That’s all I am saying and in our unequal society, the advantage always prioritise their own.
Elitist how?
And so the elite of our land look after themselves!
@Shane Bradley: How do I unlike this gimp?
@Shane Bradley: You , my dear friend, have got a great big ” plank” on your shoulder . Just get on with your own life , and don’t be so narrow minded.
@mark foley: I certainly do not. Why is it you make your comment about me and not about my comment. When you attack your opponent and not counter his/her point, you have already lost the argument. Such an approach is a classic fallacy of logic called ‘argumentum ad hominem’.
I actually had a high standard education and am very grateful but I also recognise many, due to no fault of their own, are not so privileged, as educational resources are unevenly divided.
@Shane Bradley:
Actually educational resources are perfectly equally divided, with the government giving the exact same ‘capitation payment’ to every school in the country, according to the exact same criteria. In fact the inequality lies at the lower end with far more state funding being pumped into ‘DEIS’ schools.
With People Power, anything is possible. Bualadh Bos all round.
It might help then stay open if they stopped paying for people to come in to play rugby.
@Alex Denby: Mr Denby, you just get your facts right . Typical begrudging, small-minded attitude.
The power of the old boys network!
Well holy god!!!!
Am I concerned that a private Catholic secondary school is in financial strife and might
have to close?
Not really.
I had to emigrate without a secondary education because the Catholic Church in the 1950′s-60s controlled and owned all the secondary schools in my county and charged
like a wounded bull.
My options then was Killnacrott or Blacklion and the Brotherhood and I consider myself
very lucky that I did not succumb to either sexual honneypots.Instead I took my Grade 12 after 4 years of night school in Canada.
From my experience , I couldn’t give a rats about Catholic secondary schools being in financial strife; in fact its poetic justice, IMO.
I am sure the past pupils of this boarding school have a lot of wealth alright. I am sure also that they are grateful for the money the state provides to them to run an elitist Catholic school.
Well played Cistercian College Roscrea, well played!
have your say