Job Market Monitor
Iberia
Airlines Workers / Iberia to slash pilots salaries by at least 14% as Alitalia avoids 1,900 layoffs
Spanish flag carrier Iberia said Wednesday it had reached a deal with its pilots to slash their salaries by at least 14 percent, part of its bid to return to profit. Iberia’s roughly 1,400 pilots will see their salaries reduced by 14 percent, and possibly by another 4.0 percent depending on the airline’s profitability, under … Continue reading
Iberia / Striking workers against plan to cut 3,800 jobs
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 … Continue reading
Spain / Thousands of striking Iberia workers protest layoffs
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
Spain / Iberia workers on strike over layoffs
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
Europe | What Next for Airlines?
Despite relentless consolidation in the European airline industry over many years, few national carriers have disappeared entirely. Hungary’s Malev went bust earlier this year. Belgium’s Sabena is long gone. But most live on even if they have been absorbed by bigger rivals. Still, rarely has the pressure to cut costs to save national carriers proved … Continue reading
Iberia | IAG to cut 4,500 jobs
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
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