Dempsey 'furious' about changes to Mannion contract
Friday, 9 January 2009
Print
Email
Transport Minister Noel Dempsey is reportedly prepared to support the calling of an extraordinary general meeting of Aer Lingus shareholders to discuss changes made to the contract of chief executive Dermot Mannion.
Ryanair boss Michael O'Leary has requested the EGM to discuss changes made last year that would entitle Mr Mannion to a payment of up to €2.8m if the company is taken over.
The changes were made while Aer Lingus was drawing up plans to shed hundreds of jobs and introduce inferior terms and conditions for remaining workers.
Reports this morning say the minister is "furious" about the development and has refused to attend a farewell dinner for Aer Lingus chairman John Sharman in protest at the move.
The dinner is due to be held later this month at the prestigious Chapter One restaurant in Dublin.
Post a comment
Limit: 500 characters
View all comments that have been posted about this article
Offensive or abusive comments will be removed and your IP address logged and may be used to prevent further submissions. In submitting a comment to the site, you agree to be bound by BelfastTelegraph.co.uk's Terms of Use.
Posts submitted in UPPERCASE letters will be rejected.
