IAG takeover would cost less than 200 jobs, says Aer Lingus chief
The incoming boss at Aer Lingus says less than 200 jobs would be lost if a proposed takeover by IAG goes ahead.
Stephen Kavanagh was speaking as annual figures showed his airline recorded a jump of nearly 18% in profit last year.
However, he believes that the company will need funding of more than US$2bn over the next 12 years.
Some Government TDs are still opposed to the IAG bid because of concerns about jobs, but Mr Kavanagh is looking to reassure fears of widespread cuts:
"It is less than 200 and it will be dwarfed by the opportunity for net employment growth" he said.
"For those directly impacted, there will of course be opportunities for re-deployment within the group, potentially re-deployment to IAG and the core functions - and ultimately voluntary severance".
"We have dealt with re-structuring in the airline over many years, with far greater quantums on a voluntary basis."
