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:
- 1NATO: satellite images ‘show Russian troops in Ukraine’
- 2Islamic State video shows ‘scores of dead Syrian soldiers’
- 3Canada sends hilarious barb to Russia over Ukraine ‘incursions’
- 4Protesters demand more frontline equipment for Ukraine soldiers
- 5New Turkey President Erdogan says priorities include EU accession
- 1Footage released of 9-year-old on firing range moments before she accidently kills instructor
- 2Boston bombing suspects’ sister arrested
- 3Islamists seize border post between Syria and Israeli-occupied Golan Heights
- 4Poroshenko says Russian soldiers have been ‘brought into Ukraine’
- 5Canada sends hilarious barb to Russia over Ukraine ‘incursions’
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3China executes eight Muslims convicted of terrorism | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Everything you need to know about the Ebola virus | euronews, world news
- 6Ukraine accuses Russian aid convoy of stealing factory equipment | euronews, world news
- 7Massive Swedish forest fire is declared a national emergency | euronews, world news
- 8Hoverbike on the horizon | euronews, hi-tech
- 9Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 10Risk of fresh ash cloud threatens European air travel | euronews, world news
- 11Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 12Beyond the subconscious | euronews, futuris
- 13Romania buys into bitcoin big time | euronews, corporate
- 14Bardarbunga volcano in Iceland continues to rumble | euronews, world news
- 15Poland wants compensation from the EU for Russian import ban | euronews, world news
- 16EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 17Greek farmers suffer in economic war between Russia and EU | euronews, economy
- 18Turkey’s women have the last laugh | euronews, world news
- 19Hamas executes 18 suspected collaborators | euronews, world news
- 20Turkish ferry makes high-speed final landing | euronews, no comment
Wires > News
- 07:04 CET Macau to ‘re-elect’ leader as democratic rumblings, mirroring Hong…
- 06:59 CET Icelandic volcano alert raised to red after eruption, no volcanic…
- 06:50 CET Volcanic eruption in Papua New Guinea causes flight diversions
- 06:00 CET Magnitude 5.7 quake strikes 80 miles south of Athens – USGS
- 05:41 CET Accident traps at least 25 miners in Nicaragua, government-backed…
- 05:36 CET With eye on China, Japan defence planners seek spending boost
- 04:34 CET Syrian accused of making detonators with U.S. parts faces Arizona…
- 03:19 CET U.S., China plan followup to Sunnylands summit in November