| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 European
 International
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Last Updated: Mar 10, 2010 - 8:34:18 AM


Ryanair condemns Irish Government for losing "500 well paid engineering jobs for Ireland"; Genuine or another publicity stunt?
By Finfacts Team
Mar 9, 2010 - 12:54:03 PM

Email this article
 Printer friendly page

Hangar 6, Dublin Airport, the location of the SRT/Aer Lingus maintenance operation and now leased by the DAA to Aer Lingus.
Ryanair today condemned the Irish Government for its failure to win 500 well paid engineering jobs for Ireland as it confirmed that all 500 jobs, which it had originally promised to create in Hangar 6 at Dublin Airport, will now be lost to Glasgow Prestwick and one other European airport/country. This may well be the end of another publicity stunt from the low fares airline.

Ryanair's promise of jobs in Dublin was on the basis that it would be allowed wrest control of Hangar 6 from rival Aer Lingus and the improbable proposition that it was going to hire a significant number of the former staff of the SR Technics/Team Aer Lingus maintenance operation which closed down in 2009 with the loss of 800 jobs.

The Swiss company SRT had acquired the operation from Aer Lingus and the workforce was highly unionised with a history of industrial action. So apart from a small number of selective hires, it's unlikely that Ryanair would have employed many of the unemployed SRT workers. In effect, if Ryanair had been serious about establishing a facility in Dublin, IDA Ireland would have likely ended up subsidising employment for East Europeans. 

Ryanair said today that its 2009 investment/jobs offer for Hangar 6 was ignored because the Government didn’t want to upset the DAA (Dublin Airport Authority) monopoly. "Aer Lingus has now moved into H6, but instead of creating jobs Aer Lingus will shortly cut 900 more jobs at Dublin Airport," it said.
Ryanair confirmed that it will now finalise a deal with another European Government/airport. Ryanair says it believes it is a damming indictment of the current Irish Government that one of Ireland’s few world leading companies has not been encouraged, or assisted, to secure these 500 engineering jobs here in Ireland.

Ryanair’s Stephen McNamara said:
“It is clear that this Govt is incapable of maintaining or creating jobs. Its failure last year to encourage the world’s largest international airline to create up to 500 engineering jobs in Hangar 6 at Dublin Airport is typical of its indecision and incompetence.

“The refusal to sell or lease Hangar 6 to Ryanair in 2009 proves that this Govt prefers to protect the DAA monopoly who subsequently allowed Aer Lingus to move into the facility, an airline with no heavy maintenance in Ireland and no use for such a large hangar, and which is cutting up to 900 jobs.

“Ryanair will now move to finalise a deal with one of the other European Govts and airports who are interested in securing these engineering jobs and are working with Ryanair to sustain investment and jobs at their airports instead of waffling on about the “complexities” and “barriers” to job creation like Ireland’s dithering and incompetent Govt.”

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

Irish
Latest Headlines
Irish Economy: Central Bank says economy undergoing modest recovery this year; Forecasts growth of GDP and GNP in range of 2.2 to 2.8 % in 2011
Irish retail sales fell 0.2% in June
O'Keeffe provides €7m fund for academic researchers to commercialise their work
Irish average national house prices fell by 1.7% in Q2 2010; Fall in H1 2010 was 6.4%; Average price is at 2001 level
Dublin's Docklands Authority cuts deficit from €213m to €19m in 2009; Agency left with 34 Council/Executive Board members and 27 staff
Irish Glass Bottle site loans transferred to NAMA
Online advertising expenditure in Ireland in 2009 reached €97.2m or maybe not
Financial Services Ombudsman criticises “unwarranted and unsolicited” moves by Irish banks to move people off low-rate tracker mortgages
Cowen announces what he terms 7-year €40bn 'stimulus for growth and job creation'
Irish commercial property returns fell in Q2 2010 after a slight rise in the first quarter
Permanent tsb to raise variable mortgage interest rates
Irish goods exports rose 8% in year to May; Minister lauds "remarkable achievement" of US-owned firms; Claims "strong vindication of the Government’s work"
Lenihan announces review group to report on disposal of State commercial assets
Enterprise Ireland launches Seed & Venture Capital report for 2009
National Competitiveness Council publishes 'Costs of Doing Business in Ireland in 2010' report
Elan reports net loss of $213m in second quarter
Central Bank and Financial Regulator say review of Irish banks’ mortgage lending policy for first time buyers shows practices need to be improved
Profits earned by Irish hotels have plummeted by 50% since 2007; Room rates said to have dropped to 1999 levels
Irish economy maybe set for high growth or low growth by 2015 says ESRI: Full employment in prospect or maybe not
Campaign for Change at One51 dissidents announce nominees for election to board of One51 at AGM