IMPACT asks Government to oppose Aer Lingus remuneration package
IMPACT trade union has written to the Minister for Transport, Leo Varadkar TD, and to the Minister for Finance, Michael Noonan TD, requesting that the Government exercises its option as a shareholder in Aer Lingus to vote against the remuneration package for the company’s chief executive and senior management.
In his letter, IMPACT national secretary Matt Staunton said that details in the company’s annual report about the salary and bonus package for the chief executive were an insult to staff. He said that staff faced uncertainty about their pensions and had also been informed of an 80% cut in a gainsharing scheme. Mr Staunton said that this was in stark contrast to the remuneration for the chief executive.
Referring to the Transport minister’s response to a parliamentary question on the issue this week, Mr Staunton wrote “It occurs to me that you are in a position to shape these developments in a more positive way. Aer Lingus shareholders will be asked to vote to approve a number of resolutions at the AerLingus AGM on 2nd May. As a significant shareholder, the Government would be in a position to vote against the resolution No.2, the consideration of the remuneration report.”