Aer Lingus to create DC plan for all employees

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IRELAND - Aer Lingus said it will negotiate with trustees of both its defined benefit schemes to create a defined contribution plan for all its employees as part of a company cost-cutting measure.

The airliner announced today it planned to axe some 600 staffers as part of a two-part "transformation plan" that will save the company €97m (US$142.5m), excluding fuel costs, per year. Part of ...

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