Arab Today, arab today iberia to cut cost of pilots\ wages by 20 percent
Last Updated : GMT 23:11:58
Arab Today, arab today
Arab Today, arab today

Delivering the news in the midst of a pilot strikes

Iberia to cut cost of pilots\' wages by 20 percent

Arab Today, arab today

Arab Today, arab today Iberia to cut cost of pilots\' wages by 20 percent

Spain's Iberia airline
Madrid - Arabstoday

Spain\'s Iberia airline Spain\'s Iberia airline announced Tuesday it will slash its pilots\' overall wage bill by 20 percent, delivering the news in the midst of a series of one-day pilot strikes. Iberia, which merged with British Airways last year to form International Airlines Group, said the decision would cut pilots\' wage costs by 62 million euros ($81 million) and boost productivity by 25 percent.
The airline was taking steps to stay competitive at a time of weak demand, high oil prices and tough competition, Iberia finance director Jose Maria Fariza said in a statement.
\"This delicate situation has been seriously aggravated by the strikes by the pilots union SEPLA, which have been causing daily losses for Iberia of three million euros,\" he said.
SEPLA has vowed to strike every Monday and Friday until July 20 -- a total of 30 days -- in its battle against the launch of budget airline Iberia Express, which began flying on March 25.
Pilots say Iberia Express will offer worse working conditions and lower wages to pilots, arguing that it breaches a work agreement and could lead to the loss of 8,000 jobs in the core airline.
An earlier string of 12 one-day pilot strikes in December, January and February forced about one-third of flights to be cancelled. Iberia estimated it cost the firm a total 36 million euros.
Iberia\'s finance chief said the company was targetting the pilots because they were the only group not to have reached a new work agreement with management after more than two-and-a-half years\' negotiations.
It said the airline pilots\' wage bill would be lowered by cutting the salary scale by 12 percent and by other measures such as eliminating inflation-linked pay increases.
An Iberia spokesman said the average pilot\'s gross salary was about 200,000 euros a year.
Pilots would also be required to work more, the airline said, as it raised the maximum number of pilot flying hours to 900 a year.
The airline, which also eliminated extra holidays earned for length of time served in the company, said the maximum flying time allowed in the existing agreement was 820-850 hours but in reality the average was 650 hours.
Iberia called on the pilots\' union to abandon its strike and return to the negotiating table.
The firm criticised SEPLA for not attending a meeting Tuesday called to discuss the latest measures.
But Sepla called the company\'s announcement a \"provocation\" and a union spokesman said it was asking the government for arbitration.
Iberia has come under pressure from its British partner to make savings after the Spanish line logged a loss of 98 million euros compared with some 620 million euros of profits for BA.
It faces tough competition on its home ground, particularly from Irish budget line Ryanair, which overtook Iberia in passenger numbers last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iberia to cut cost of pilots\ wages by 20 percent Arab Today, arab today iberia to cut cost of pilots\ wages by 20 percent

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iberia to cut cost of pilots\ wages by 20 percent Arab Today, arab today iberia to cut cost of pilots\ wages by 20 percent

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday