Significant progress this week in resolving the Iberia airlines dispute after the compromise package put forward by government-appointed mediator Gregorio Tudela was accepted by Iberia’s parent company, International Airlines Group (IAG), and by most of the unions. Clearly, a solution is good news for travellers – Iberia’s troubles have had a knock-on effect with major airport disruptions and thousands of flights cancelled during stoppages in February and earlier this month; more strikes had been scheduled in the coming weeks in the absence of a settlement. It will also come as a relief to IAG, which claims to have been losing €3 million for each day of strike action, compounding … [Read more...] about Tales for Tapas: Compromise in the air
IAG
Tales for Tapas: Trouble in the air
Striking Iberia workers this week held up banners saying their airline is not for sale – they believe the restructuring plan put forward by parent company International Airlines Group (IAG) is not really about restructuring at all but about letting British Airways, Iberia’s partner under the IAG umbrella, acquire the Spanish airline’s assets at knock-down prices. The prices, though, would not in fact be knock-down, because Iberia has continued to haemorrhage money since its merger with BA at the start of 2011. It lost a cool €262 million in the first nine months of last year. In their campaign against the 3,800 redundancies, 15-percent route reduction and across-the-board pay cuts … [Read more...] about Tales for Tapas: Trouble in the air