September 8, 2014
Finnair reaches negotiation result with pilots
Finnair and the Finnish Air Line Pilots’ Association (SLL) have reached a result in the negotiations related to Finnair’s savings program. The agreement brings Finnair €17m in permanent annual savings. Approximately €11m will materialize gradually over the 2-year CLA period. Approximately €3m will materialize in the coming few years through growth and the remaining €3m in the future through changes to pensions and the employment terms of new pilots. In return, Finnair gives pilots protection for redundancies for the next two years. It has been additionally agreed that Finnair will study an incentive plan for pilots. The savings agreement is contingent on the realization of this incentive plan that will be formulated during autumn. The savings agreed with SLL are mainly reached through changes to salary and working time. Finnair and SLL agreed in June on transferring to a new wage model. However, the savings solution was finally developed based on the current wage model.