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:
- 1Heavy fighting in Donetsk; possible mass grave discovered
- 2Catalan independence put on hold: constitutional court suspends vote
- 3Migrant deaths in Mediterranean reach a record 3,072 in 2014
- 4Spain: Constitutional court votes to suspend Catalonia independence referendum
- 5Denmark bridge collapse blocks motorway
- 1Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel
- 2Update: Emma Watson nude photos threat may be elaborate PR stunt
- 3Iceland volcano ‘pollutes Paris’
- 4Teenage ‘terror suspect’ shot dead by police in Australia after attacking officers
- 5Watch: Leonardo DiCaprio speech among five must-see clips on UN climate summit
- 1Podemos: Spanish indignation in Brussels’ corridors of power | euronews, reporter
- 2Israel announces it will seize 400 acres in West Bank | euronews, world news
- 3Watch: Angry mob throw Ukraine MP into rubbish bin | euronews, world news
- 4Iraq: Baghdad rally held against US ‘occupiers’ | euronews, world news
- 5Japan sounds bluefin warning, calls for 50% catch cut | euronews, world news
- 6Now is ‘right time’ for Catalonia independence vote, says Mas | euronews, world news
- 7New car offers freedom for disabled drivers | euronews, hi-tech
- 83D printing: a driving force in design and engineering | euronews, hi-tech
- 9Rise of the machines | euronews, futuris
- 10Ukraine: Donetsk rebel weapons factory blows up | euronews, world news
- 11Young Yazidi girl escapes Islamic State kidnappers | euronews, world news
- 12Algeria: ISIL offshoot releases video threatening French hostage Hervé Gourdel | euronews, world news
- 13EU leaders name Donald Tusk European Council president | euronews, world news
- 14Official ‘executed by flame-thrower’ over links to Kim Jong-un’s purged uncle | euronews, world news
- 15Vatican rocked by another paedophilia scandal | euronews, world news
- 16#Indyref Live: Scotland votes on independence from UK | euronews, world news
- 17Thousands ‘evade’ Ebola lockdown in Sierra Leone | euronews, world news
- 18British Muslims’ message to ISIL: Not in my name! | euronews, world news
- 19Iceland puts on a show as two of its volcanoes spew out lava | euronews, world news
- 20The business benefits of EU chemical regulation | euronews, business planet
Wires > News
- 19:40 CET Obama, Modi discuss trade, climate, Islamic State at White House
- 19:23 CET U.N. Ebola mission head wants significant progress in 60 days
- 18:49 CET Catalonia suspends formal campaign on Spain independence vote
- 17:50 CET Hardline Buddhists in Myanmar, Sri Lanka strike anti-Islamist pact
- 16:57 CET Sri Lanka police stop online media workshop – rights groups
- 16:50 CET Bulgaria needs urgent reforms after Sunday election – interim PM
- 16:00 CET EU keeps Russia sanctions in place, sees ‘encouraging’ signs
- 15:47 CET Egypt’s Sisi delivers economic reforms but hurdles remain