Iberia

History

2012: Losses and reductions

At the end of 2011 - the beginning of 2012 a schedule of flights of airline was repeatedly broken because of strikes of employees. They protested against creation of budget carrier of Iberia Express - workers were afraid of the dismissals caused by restructuring. As a result of strikes Iberia suffered losses in several tens of millions of euros.

In November, 2012 it became known that Iberia will reduce 4.5 thousand jobs to escape from bankruptcy. It is reported in the press release of the owner of airline - International Airlines Group.

The agreement about reductions should be reached with labor union till January, 2013. Otherwise, note in the company, the number of dismissed can increase because of losses.

In the message words of the chief executive of Iberia Rafael Sanchez-Lozano that now the airline "fights for survival" are cited. He noted that now the airline does not make profit on one of the directions^[1].

The head of Iberia added that crisis in Europe negatively affected a financial status of carrier, but difficulties of the company have system character. Reductions, according to him, "will create the platform for future growth".

For November, 2012 in Iberia more than 15 thousand people work.

Notes