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:
- 1Moscow claims Ukrainian jet flew close to Malaysian airliner
- 2MH17 flight recorders are handed over by Ukrainian rebels
- 3Demonstrations in Israeli cities over Gaza conflict
- 4EU foreign ministers expected to discuss further sanctions on Russia
- 5Israeli air strikes continue as death toll in Gaza conflict escalates
- 1Malaysia Airlines cabin crew traumatised by tragedies
- 2Putin calls for an end to conflict in Ukraine as pressure builds on Moscow
- 3Moscow claims Ukrainian jet flew close to Malaysian airliner
- 4Dutch fury as questions about plane tragedy go unanswered
- 5Ukraine: fresh fighting reported in rebel-controlled Donetsk
- 1298 killed as Malaysia Airlines passenger jet shot down over Ukraine
- 2[LIVE UPDATE] Malaysia Airlines MH17: Dutch forensic team arrives at crash site
- 3‘Lonely and alienated’ Oscar Pistorius involved in nightclub scuffle
- 4Researchers reach mysterious giant crater in Siberia
- 5Ukraine: Black boxes recovered from downed Malaysian airliner
Wires > News
- 01:17 CET Peru’s Humala replaces prime minister amid political scandal
- 00:26 CET Kuwait strips citizenship of two opposition figures, relatives
- 00:11 CET Benin detains 10 people in child trafficking probe
- 23:08 CET Insight – Battered by election, Indonesia’s new president faces…
- 22:53 CET Qatar emir meets Saudi king in Jeddah to discuss Gaza fighting
- 22:16 CET Suicide attack escalates Libya violence, oil output slips
- 21:59 CET Homemade explosive goes off at Santiago church, another defused
- 21:23 CET Boko Haram moves unopposed in strategic Nigerian town