Austrian concludes Tyrolean transfer
Published: April 24, 2012
Austrian Airlines (OS) has concluded the planned transfer of the company’s flight operations into its subsidiary, Tyrolean Airways, to take place after July 1, as part of its $ 220 million restructuring program ( ATW Daily News, Jan. 11 ).
CEO Jaan Albrecht said the transfer “releases OS from inherited structural burdens” so the carrier can be more competitive.
According to a statement, nothing will change for the company’s 600 pilots and 1,500 flight attendants because “the savings should be achieved by means of level salary increases.”
The next step is to integrate the OS flight operations into Tyrolean without a duplication of efforts by the end of the year.
Intense negotiations with the personnel workers’ council of the ground staff and GPA union over the Modernization of Collective Agreements work package lasted “until the very last minute, but unfortunately no agreement has been reached,” OS said ( ATW Daily News, March 16 ).
The company said its fleet renewal program was underway with the “removal 11 737NGs and the acquisition of seven Airbus A320s.”