Aer Lingus and DAA pension talks deferred

Tuesday 02 October 2012 23.45
There is a €748m deficit in the Irish Aviation Superannuation Scheme
There is a €748m deficit in the Irish Aviation Superannuation Scheme

Talks between Aer Lingus, the Dublin Airport Authority and union representatives have been deferred to allow for further contacts with the individual parties.

The talks were due to resume today.

Management and unions at the two companies are trying to resolve a row over a €748m deficit in their joint pension fund, the Irish Aviation Superannuation Scheme.

Talks' facilitator Kieran Mulvey circulated proposals last week aimed at providing a framework for a solution and talks took place on Friday.

Mr Mulvey said this morning that the LRC had continued to have contact with the parties since the talks adjourned.

He is understood to be meeting with the parties separately to try to resolve a number of outstanding issues from the proposals circulated last week.

It is possible that further proposals may be brought to the 50-strong group of union representatives from the two companies within the next day or two.

SIPTU called off threatened industrial action last week to allow the talks to proceed.

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