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.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published