SRT workers offer to take paycut to save company

Workers in SR Technics at Dublin airport have offered to take a cut in pay if it helps in the effort with a proposed management buy out which would save upwards of 960 jobs.

Siptu Branch Secretary Pat Ward has indicated that the intervention of the Tanaiste (Deputy Prime Minister) and the IDA (Industrial Development Authority) would be required to help with the plan. The union have estimated that €25m in state aid would be required to assist with capital investment and to subsidise rent of hangar space.

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