LONDON (Alliance News) - A trade union representing workers at Aer Lingus Group PLC has changed its stance and said it will now back the takeover bid for the Irish carrier by International Consolidated Airlines Group, Reuters reported on Sunday.
The Aer Lingus Central Representative Council, a group of staff representatives of the company's trade unions, said last month the proposed EUR1.36 billion takeover by IAG could have a major impact on the workforce at the Irish company and lead to up to 1,200 job cuts.
But the group said it has now reversed this view after Willie Walsh, the chief executive of IAG, told a parliamentary committee that job cuts would be minimal and would be more than offset by new roles created by the expansion of Aer Lingus' fleet.
http://uk.reuters.com/article/2015/02/22/uk-aerlingus-m-a-iag-idUKKBN0LQ0MY20150222
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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International Airlines (IAG)