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Dublin Airport Authority Staff Vote Yes To Survival Package
Wednesday 03 February 2010, 03pm
Mandate Trade Union members in the Dublin Airport Authority have voted overwhelmingly in favour of a €40 million cost reduction programme. The workers voted by a majority of 92% in favour of the deal and 8% against.
The deal will see 275 permanent jobs and 100 temporary jobs go across the three airports run by the DAA. The severance package consists of 6.75 weeks’ pay per year of service.
Mandate says that the cost reduction programme contains some traditional methods of reducing expenditure along with some very innovative schemes including the Employee Recovery Investment Contribution Scheme. Under this investment scheme, money will be deducted from earnings based on the value of a DAA workers earnings, but when targets are met in the future, employees will get a 50% or a 100% payment to cover the monies they contributed to the scheme. The deductions will also be restored after the company has returned to a reasonable period of sustained profitability.
This demonstrates that where proper consultation with workers and their Trade Unions take place sustainable outcomes that benefit all can be achieved.