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Gerard Cleary of Glenisk, winners of the SFA National Small Business Awards 2010 talks about the growth of the Offaly-based company

Leadership

Aer Lingus moves to ringfence pension scheme from new staff

08.12.2009
Aer Lingus has established a new company in an attempt to prevent new staff from joining the airline’s defined benefit pension scheme, according to reports.

Most Aer Lingus staff are currently employed by a limited company which is a subsidiary of Aer Lingus plc and avail of a defined benefit scheme, the Irish Independent reports.

However, the paper says that any new employees joining the carrier will be employed by a new company, Aer Lingus (Ireland), which means they are not eligible to join the airline’s lucrative defined benefit scheme. These staff can instead join a new defined contribution scheme.

 

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