RSS Feed

Related Articles

Related Categories

Aer Lingus board agrees cost reduction programme

21st October 2008 Print
The Board of Aer Lingus Group plc today agreed to proceed with a cost reduction programme to deliver the substantial savings which are necessary to ensure the Company's long-term viability as an independent airline.

The Board has agreed the need for this fundamental change in the cost base to ensure that the Company remains competitive and is appropriately positioned to take advantage of future growth opportunities.

Given the extremely challenging revenue environment the Board is committed to delivering these cost savings as a matter of urgency and management will meet with staff and their representatives next week to discuss the manner in which these cost savings will be achieved.