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.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Hope vs harsh reality: challenges to global education goals in the 21st century
- 4Madrid to appeal Catalan road to independence from Spain
- 5Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 6Jorge Lorenzo clinches his third MotoGP title in Valencia
- 7Turkey: Explosion hits Istanbul’s main tourist district
- 8Paris: “I would rather see my brother in prison than in a cemetery”
- 9Extras : euronews : the latest international news as video on demand
- 10Partnering to grow Europe
- 11Macedonian Postcards: The Mavrovo National Park
- 12Moldova: protesters storm Parliament
- 13Benzema questioned in French sex tape case
- 14Brussels remains on high alert: ‘multiple operations underway’ across Belgium
- 15Business news and finance news | euronews: international economic and finance news
- 16smart care - All Programmes | euronews : the latest international news as video on demand
- 17Special Reports : euronews : the latest international news as video on demand
- 18Norway sends Syrian refugees back to Russia
- 19latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 20Hollande and Obama step up pressure on climate change ahead of COP21
Latest world news
Diplomatic row at the UN highlights the difficulties for peace in Syria
Fresh fears about Zika virus after three deaths in Colombia
Fatal crane collapse in New York City
Ten-day-old baby among dead after powerful quake hits southern Taiwan
Catholic Saint Padre Pio’s remains begin journey to the Vatican
Wires > News
- 03:21 CET Al Qaeda group claims kidnapping of Australians in Burkina Faso
- 02:57 CET Quake fells Taiwan apartment building, at least two dead
- 00:41 CET Pentagon releases photos tied to Afghan, Iraq detainee abuse
- 00:14 CET Despite Libya urgency, hurdles to quick action against Islamic…
- 00:12 CET Convicted al Qaeda supporter, U.S. face off in medical malpractice…
- 23:53 CET Exclusive – U.S. presidential hopefuls Sanders, Clinton in dead…
- 23:49 CET Guinea journalist killed in clashes between opposition factions
- 23:19 CET U.S., Britain eye letting spy agencies, police seek email, chat…