Monday, 11 February 2013

IAG's baggage

Full article on

Ground staff and cabin crew at Iberia, Spain's flag carrier, have announced 15 days of strikes this February and March. The walkouts are in response to attempts by International Airlines Group (IAG), the parent company of Iberia and British Airways (BA), to push through swingeing cuts at the loss-making carrier. Willie Walsh, IAG's chief executive, originally called for 4,500 job cuts plus salary reductions of up to 35% in November. He moderated this slightly last month, suggesting that 3,147 job losses and 23% pay cuts would do the trick. Trade unions rejected the proposal...