TAP stumps up €8M to avert strike

 In Companies, News, TAP

Portugal’s airline TAP and civil aviation personnel union SNPVAC have arrived at a €8 million pay package to avert a planned seven-day strike that was set to start this week.

The beleaguered airline has caved in to pressure by agreeing to fork out the €8 million to cabin crew, an amount that corresponds to support with costs that had not been paid in 2021 and 2022 according to the newspaper Diário de Notícias.
TAP is defining this payment as an “extraordinary compensation”without being subject to remuneration cuts foreseen in the temporary emergency agreement” and “without prejudice to the company’s new agreement”.
The payments will be made to 2,700 cabin crew members in a one-off lump sum payment by March.
The company has also promised a bonus to both cabin crew and pilots whose value is yet to be agreed by both parties should the new company agreement be signed by 31 December.