DAA seeking 400 redundancies

In a bid to ensure it's survival, the Dublin Airport Authority which manages the three state airports has told staff it needs 400 redundancies to cover a forecast €70m drop in income in the next year. In a letter to the 3,600 staff, the companies chief executive Declan Collier outlines a €55m cost saving package including 400 redundancies, reduced working hours for some staff,  a pay freeze and career breaks. Unions representing the staff have said that saving jobs is the priority but that pay cuts are not on the agenda. The DAA envisages the reduction in headcount coming from non renewal of contract positions and a severance scheme. 

Passenger numbers at Dublin airport are currently down by almost 7,500 per day over last year. In addition the DAA is currently engaged in a €1.6bn redevelopment of Dublin airport, both of which have added to the company's woes.