Thousands of workers facing pay and job cuts at loss-making Spanish airline Iberia on Monday staged a second wave of protests that could ground nearly 1,300 flights this week.
Iberia, part of International Airlines Group (ICAG.L), is battling competition from low-cost airlines and high-speed trains as well as a deep recession in Spain, where one in four workers is without a job.
The strikes are a blow to Spain’s tourist-dependent economy as it gears up for the spring and summer season. Tourism contributes about 11 percent to the country’s economy.
Last week Iberia, Europe’s biggest carrier to Latin America, said it would push ahead with plans to cut 3,800 jobs, or nearly one fifth of its staff, despite union opposition.
Chosen excerpts by Job Market Monitor
Thousands of striking workers of Spanish flag-carrier Iberia protested noisily in Madrid Wednesday, furious at management’s plans to cut 3,800 jobs following its merger with British Airways. To the din of horns and smoking firecrackers, workers massed outside the company’s headquarters, waving red and yellow Spanish flags and signs such as “Get your dirty hands … Continue reading »
Labor unions representing most workers in Spain’s Iberia airline have called 15 days of strikes to protest the company’s plans to lay off 4,500 workers. The stoppages by Iberia’s ground staff and cabin crews will be held Feb. 18-22, March 4-8 and March 18-22. Raul Melero of the USO union said Wednesday that the strikes … Continue reading »
International Airlines Group warned on Friday that its Spanish carrier Iberia was ‘‘in a fight for survival’’ and unveiled a restructuring plan to cut 4,500 jobs as it reported a drop in third-quarter profit. Iberia CEO Rafael Sanchez-Lozano said the carrier is losing money in all its markets and was ‘‘burning €1.7 million ($2.17 million) … Continue reading »