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Aer Lingus suing SIPTU

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    #32
    markpb
    Registered Users Posts: 9,253 ✭✭✭markpb


    macnug wrote: »
    But are pensions not investments, investments that can go up or down? Why should Air Lingus fork out because the value on their pension fund (like most others) have gone down, they don't control the markets.

    The IASS is a defined benefits pension. The employee is told how to much to put in and is guaranteed a certain amount to be paid out. The risk is with the employer (or, in this case, employers) to make sure the funds are invested wisely enough to meet that promise. Alternatively they can hope that current employees contributions are enough to meet current pension payments.

    The companies involved in the IASS will soon not have enough money in the fund to meet their obligations and the companies involved are much smaller so the money being paid in isn't enough to make up the difference.

    Nowadays very few people are offered DB pensions, defined contribution pensions (where you know how much you'll pay in but can only guess at how much will be paid out) are more common.
    donkey balls wrote: »
    How come Aer lingus & Ryanair have never taking the Spanish or French ATC to court over the strike actions they have held over the years.

    Presumably because those strikes were legal whereas the most recent threatened AL/DAA one was not?


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    #33
    Idbatterim
    Registered Users Posts: 17,842 ✭✭✭✭Idbatterim


    What has any union got to do with the things you mention? I see you put (possible pension deficit) in inverted commas, do you honestly think over 90% of DAA and aer lingus staff voted to strike because of a "possible pension deficit" also if you or any of your family or friends are entitled to any of the following, well you can say a big thank you to those terrible unions, minimum wage, sick leave, equal pay for women, lunch breaks, 40 hour week, child labour laws, health and safety in work, holiday pay, sick pay, right to strike!!!,
    I dont buy this for a second, am I meant to believe that in 2014, people would be working 80 hour weeks, there would be no minimum wage, lunch breaks etc?! PLEASE Most companies and the government do have some moral compass. I'm not disputing that for their members they might achieve gains, but for the country and its competitiveness and productivity, they are parasites.


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    #34
    chrysagon
    Registered Users Posts: 2,813 ✭✭✭chrysagon


    Luftahnsa had a strike ... Aerlingus had flights interupted..do they sue the Germans?


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    #35
    notharrypotter
    Closed Accounts Posts: 1,112 ✭✭✭notharrypotter


    Most companies and the government do have some moral compass

    No they don't.

    their sole role is to maximise the benefit of their owners.

    Being nice to the staff is not a business requirement.

    Try having a pass leaving cert and see what job's are available to you.

    Equally see how much employers would be willing to someone without an acedemic or professional qualification you out of the kindness of their hearts.


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    #36
    sarumite
    Registered Users Posts: 2,909 ✭✭✭sarumite


    notharrypotter wrote: »
    No they don't.

    their sole role is to maximise the benefit of their owners.

    Being nice to the staff is not a business requirement.

    Try having a pass leaving cert and see what job's are available to you.

    Equally see how much employers would be willing to someone without an acedemic or professional qualification you out of the kindness of their hearts.
    Having a moral compass doesn't mean you have to hire someone even if they are unsuitable for the job.


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    #37
    Godge
    Closed Accounts Posts: 21,727 ✭✭✭✭Godge


    notharrypotter wrote: »
    No they don't.

    their sole role is to maximise the benefit of their owners.

    Being nice to the staff is not a business requirement.

    Try having a pass leaving cert and see what job's are available to you.

    Equally see how much employers would be willing to someone without an acedemic or professional qualification you out of the kindness of their hearts.


    Maximising the benefit to their owners requires having hard-working co-operative workers especially in knowledge and service industries.

    An accountant is not motivated can lose a company a fortune.
    A retail assistant who is rude can reduce a shop's income.

    So, yes, being nice to the staff is a business requirement.


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    #38
    Cookie_Monster
    Registered Users Posts: 24,473 ✭✭✭✭Cookie_Monster


    notharrypotter wrote: »
    No they don't.

    their sole role is to maximise the benefit of their owners.

    maximise benefits of their stakeholders, not just their shareholders.


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    #39
    salonfire
    Registered Users Posts: 3,078 ✭✭✭salonfire


    notharrypotter wrote: »
    No they don't.

    their sole role is to maximise the benefit of their owners.

    Being nice to the staff is not a business requirement.

    Try having a pass leaving cert and see what job's are available to you.

    Equally see how much employers would be willing to someone without an acedemic or professional qualification you out of the kindness of their hearts.

    The 1800s called. They want their mindset back.

    Do you think a business can be successful with a bunch of disgruntled staff? Being nice to the staff is step 1 of running a business.


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