MADRID (AP) — Spanish airline Iberia has presented a plan to cut almost a fifth of its workforce nearly a week ahead of a first round of strikes by labor unions opposing the plan.
Iberia, Lineas Aereas de Espana S.A., said Tuesday its losses totaled €850 million between 2008 and September 2012 and this obliged it to take drastic action.
International Airlines Group, which includes British Airways and Iberia, first announced the layoffs last year, but without providing much detail. It said then that Iberia was "in a fight for survival."
Unions representing most Iberia workers, but not pilots, called 15 days of strikes beginning Feb. 18 after lengthy negotiations with the company failed to produce agreement.
Spain is in its second recession in three years and has 26 percent unemployment.
Carrie Schwab Pomerantz - Yes, a Nonworking Spouse Can Collect Social Security
After Getting Police Escort, Beyonce Spews Black Lives Matter Message at Super Bowl
Rush Limbaugh defends Rubio’s debate answer: He’s absolutely right that Obama knows what he’s doing
Rob Lowe catches heat for comments about Cam Newton's post #SB50 press conference
The "Establishment" Nonsense | Human Events
"Why Not Just Shoot Him In The Leg?"
Rush Limbaugh Blasts Chris Christie, Says Rubio Was RIGHT About Obama | RedState