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 © 2015 euronewsMore about:
- 1Ukrainian rebel attacks on city of Mariupol are condemned by the UN as a war crime
- 2Auschwitz survivors 70 years on plead for ‘our children’s future’
- 3A very academic cabinet, Tsipras government sworn-in
- 4Death toll rises in Spain NATO fighter jet crash
- 5Police and protesters clash in ‘worst Kosovo unrest’ since 2008 breakaway
- 1International concern grows after fighting in Ukraine escalates
- 2Soaring Swiss franc may leave EU mortgage holders homeless
- 3Six French skiers perish in deadly Alpine avalanche
- 4Greek elections: SYRIZA on course to win, but may fall short of majority
- 5Auschwitz and other survivors who were ‘freed but never free’
- 1Pope Francis says Catholics don’t need to breed ‘like rabbits’
- 2Greek elections: SYRIZA on course to win, but may fall short of majority
- 3German men ‘can use toilet while standing’, judge rules
- 4Captured Ukraine troops forced to face angry crowd after Donetsk bus stop shelling
- 5No word on Japanese hostages after ISIL deadline passes
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2The power of the pen: Cartoonists worldwide react to the Charlie Hebdo attack | euronews, world news
- 3Immigration, racism in sport and the rise of extremism – Cantona shares his views | euronews, interview
- 4[LIVE] 12 dead after gun attack at French satirical weekly Charlie Hebdo | euronews, world news
- 5[LIVE NOW] Massive unity rally in Paris, with similar marches in other French cities | euronews, world news
- 6Muslim groups fear backlash after terrorist attacks in Paris | euronews, news
- 7[LIVE] Confusion over reports two killed in Paris shootout, as police close in on Charlie Hebdo suspects | euronews, world news
- 8International breaking news | euronews online world breaking news in video
- 9“ISIL is the baby of George W Bush” | euronews, news
- 10Medieval Bruges is to get its own underground beer pipeline | euronews, world news
- 11Almost four million turn out for unity rallies across France | euronews, world news
- 12NewsWires : euronews : the latest international news as video on demand
- 13A defiant Charlie Hebdo: it’s not the front page the terrorists would’ve wanted | euronews, world news
- 14Key questions around the Charlie Hebdo killings go unanswered | euronews, world news
- 15HarperCollins wipes Israel off the map | euronews, world news
- 16France: Angouleme council takes down anti-homeless cages around benches after outcry | euronews, world news
- 17euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 18eurovibes - a selection of Europe’s best music talent
- 19Grim task of retrieving bodies after wreckage of missing AirAsia plane found | euronews, world news
- 20Charlie Hebdo: Israeli paper deletes women from Paris march | euronews, world news
Wires > News
- 04:38 CET Indonesian agency to continue search efforts for AirAsia crash…
- 03:57 CET Venezuela confirms defection of former security agent to U.S.
- 03:50 CET Embattled Australia PM Abbott vows to consult more after Prince…
- 02:28 CET South Korea, China warn Japan not to backtrack on apology over…
- 02:20 CET Blizzard hits Boston and New England, spares New York despite…
- 01:34 CET Spying programme leaked by Snowden is tied to campaign in many…
- 01:22 CET Japan urges Jordan’s help in ISIS hostage crisis after video
- 23:42 CET Obama and Saudi king discuss Iran, energy in symbolic visit