Finnair Reaches Deal With Pilots Union

Finnair and the Finnish Air Line Pilots’ Association have completed negotiations relating to one of the airline’s cost cutting programmes. The carrier, which hasn’t turned a profit since 2007, as agreed a deal which will see costs relating to pilot’s wages fall by €17m ($22m). In return, Finnair has agreed that pilots will be given protection from redundancies for two years. The savings will be made through changes to salaries and working hours, with €11m ($14m) expected to be saved over two years and the remainder to come through future growth and changes to pensions. The agreement is reliant on the acceptance of an incentive plan for pilots, which is due to be formulated in the coming months. Finnair has launched mulitiple cost savings plans since 2011, which the aim of generating €200m ($257m) in savings. Talks with a Finnish cabin crew union over an €18m ($23m) savings programme failed in April, with Finnair later making the decision to increase the outsourcing of cabin staff.   

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