Iberia unions call six days of strikes for December
International Airline Group (IAG) Spanish subsidiary Iberia's main unions (UGT, CCOO, USO, Asetma, Sictpla and CTA-Vuelo) have today called for six days of non-consecutive strikes between December the 14th and 21st (14th, 17th, 18th, 19th, 20th and 21st).
International Airline Group (IAG) Spanish subsidiary Iberia's main unions (UGT, CCOO, USO, Asetma, Sictpla and CTA-Vuelo) have today called for six days of non-consecutive strikes between December the 14th and 21st (14th, 17th, 18th, 19th, 20th and 21st).
According to the spokesperson for UGT's -one of Spain's two largest labour unions - airports section, Francisco Rodriguez, the strike will cover all of Iberia's installations and operations.
He justified the above action on the grounds that IAG's sustainability plan will see the needless lay-off of workers and so as to pressure management to design a real growth plan for the company.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In particular, UGT wants IAG to negotiate on the lay-offs and to stop the company from first segregating and then selling off the airline's maintenance and handling operations.
Iberia's Chairman, Rafael Snchez-Lozano, replied that the strike is absolutely inopportune, irresponsible and unjustified, as the company is willing to discuss alternatives so long as other options can be found. "Neither Spain nor Iberia can allow themselves the luxury of such a strike," he added.
As of 11:53 shares of IAG are falling by 0.1% to 170p.
AB
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Why undersea cables are under threat – and how to protect them
Undersea cables power the internet and are vital to modern economies. They are now vulnerable
By Simon Wilson Published
-
Vanguard to bring in £4 minimum monthly fee - is it still a cheap deal?
Vanguard is overhauling its charges, with DIY investors set to pay more from January. How will the fees compare to its rivals, and what should customers do?
By Ruth Emery Published