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
via Striking Iberia workers protest against job cuts | Reuters.
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