Aer Lingus to cut jobs
26 October 2006Aer Lingus has warned staff that it will make job cuts as the airline attempts to fight off a hostile takeover bid from rival Ryanair.
Dermot Mannion, chief executive of the Dublin-based company, told employee representatives yesterday that cost-cutting plans will have to be stepped up after Ryanair pledged to slash Aer Lingus’s cost base in the event of a takeover.
source: Guardian Unlimited
