Around 2,000 air and ground staff from Spanish flag carrier Iberia protested in Madrid on Thursday over planned job cuts.
Labour unions and the company’s management are currently discussing a five-year restructuring plan which could see some 4,500 jobs axed.
The company, which is Europe’s biggest carrier to Latin America, has been struggling against competition from low cost airlines and high speed trains, as well as high operating costs and the economic crisis in Spain.
Iberia employee Julia Pastor said the cuts will have a wider effect: “What is happening in Iberia is a bit like what is happening in the country, job destruction.”
“Spain is a country that lives because of tourism so Iberia’s problem does not only affect 4,500 workers it could be more, 6,000 or more if we don’t stop them, but a lot of indirect jobs around the airport (will be affected as well),” she added.
The protesters say the cuts benefit the United Kingdom’s British Airways with which Iberia merged in 2011.
Last month IAG, which was formed by the merger, posted a 96 percent fall in nine-month operating profits to just 17 million euros.
This was pulled lower by a 262 million euro operating loss at Iberia, while BA posted a nine-month operating profit of 286 million euros.
The group says it hopes the plan will improve profits by at least 600 million euros in the next three years.
Copyright © 2014 euronewsMore about:
- 1Oklahoma supreme court halts executions pending drugs hearing
- 2Ukraine: US releases photos of alleged Russian special forces in the east
- 3Nepalese sherpas threaten strike in wake of Everest avalanche tragedy
- 4Death toll now 87 in South Korea ferry sinking; 215 missing
- 5Miracle stowaway survives five hour jet flight hidden in wheel well
- 1TV newscaster keeps calm as quake hits Mexico
- 2South Korea: Dramatic amateur footage emerges of final moments before stricken ferry capsizes
- 3Scientists find new Earth-sized planet that could host life
- 4Pictures and videos of April 15 lunar “Blood Moon” eclipse
- 5Ukrainian troops allegedly desert to join pro-Russian forces in Slavyansk
Wires > News
- 20:23 CET Italy’s Berlusconi to start community service work next week
- 20:20 CET Hamas, Abbas’s PLO announce reconciliation agreement
- 19:55 CET Two policemen, militant killed in Egypt
- 19:30 CET Bahrain says expels representative of Shi’ite Ayatollah Sistani
- 19:01 CET Russia, China block Central African Republic blacklistings at U.N.
- 18:50 CET Catalan leader to call independence vote despite Madrid resistance
- 18:43 CET Syrians’ plight worsens, hope for political deal fades
- 18:34 CET Mine injures peacekeeper as diplomats visit Mali’s Kidal