Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Furious at BA, Iberia staff protest Spain layoffs  Join our daily free Newsletter

MENAFN - AFP - 20/02/2013

No. of Ratings : 0
Add to Mixx!


(MENAFN - AFP) Thousands of striking workers of Spanish flag-carrier Iberia protested noisily in Madrid Wednesday, furious at management's plans to cut 3,800 jobs following its merger with British Airways.To the din of horns and smoking firecrackers, workers massed outside the company's headquarters, waving red and yellow Spanish flags and signs such as "Get your dirty hands off Iberia" and "British go home".That was a reference to British Airways, which merged with Iberia in 2011 to form the International Airlines Group (IAG), in a tie-up aimed at slashing costs.The group announced last week that it would axe 3,800 jobs at Iberia, out of a total 20,000.Cabin crew, ground staff and maintenance workers responded by announcing three five-day strikes, the first of which started on Monday.Spain is in a recession that has thrown millions out of work and driven the unemployment rate over 26 percent.IAG said it was open to talks with unions during a 30-day consultation process but did not appear to have budged on the job cuts."The management does not want to negotiate, they say their hands are tied," said one protestor on Wednesday, Federico Castro, 68, a retired Iberia flight steward.He said he was demonstrating for his son, 32, who is also an Iberia steward and now risks losing his job."This is a total dismantling of the company by British Airways," said Castro. "They are turning Iberia into a low-cost airline for the benefit of British Airways."Striking Iberia workers clashed with baton-wielding riot police on Monday at Madrid-Barajas airport, where thousands of strikers tried to force their way into Terminal Four.Iberia workers also plan to strike from March 4-8 and again from March 18-22, with a minimum service operating.The flag carrier said it scrapped 415 flights across Spain and Europe for this week.Iberia says it is obliged to cut costs since the economic downturn and the rise of low-cost competitors has caused heavy losses.Its executives say the airline accumulated 850 million euros (1.1 billion) in losses between 2008 and September 2012.


  MENA News Headlines

Click to Apply



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help