Seen & Heard: Aer Lingus job cuts, State’s AIB share sales, Pfizer’s Irish subsidiaries and the creep of cashless payments
The report puts a €480 million value on the deal, of which 60 per cent will comprise cash payments to the Irish equity partners. Grant Thornton Ireland, which has a total of 2,800 employees, also has over 25 salaried partners who will receive nothing. The airline’s chief executive, Lynne Embleton, has told employees that the carrier will ground one A333 aircraft and scale back the use of its A320 planes – the most common aircraft in its fleet – by the equivalent of three aircraft, with further changes possible, the report said.
The newspaper cited unnamed sources as saying there was no window for Minister for Finance Jack Chambers to make a call on a block placing after AIB issues a trading statement on November 4th, if an election is called later in the month or early December.US pharmaceuticals giant Pfizer, which employs 5,000 in Ireland, has wound down a dozen Irish units with close to €600 million of assets as part of a restructuring, the Business Post reported.