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Aer Lingus staff 'should reject' Ryanair offer - CRC

The document says the share price Ryanair has offered undervalues the airline
The document says the share price Ryanair has offered undervalues the airline

The Central Representative Council have released a document on behalf of the trade unions and staff within Aer Lingus calling staff to reject Ryanair's offer.

It says that staff at Aer Lingus are strongly opposed to Ryanair's July 2012, €1.30 per share, offer for several reasons.

It feels that Ryanair's offer document ignores fundamental recent changes in the cost structure of the company and the share price undervalues the airline. 

It also says the anti-competitive grounds cited by the European Commission against the takeover by Ryanair, remain exactly the same.

In a statement issued today, it says that it intends to lobby all the European MEP'S within Ireland and the UK, the Office of Fair Trading (UK), the Competition Authority (UK), the European Commission, the Irish Government and all other Aer Lingus shareholders "to express the non acceptance by staff of any proposed merger of Ryanair and Aer Lingus at this time."