Economy

Spain's Iberia unions cancel pre-Christmas strikes

MADRID (AP) — Labor unions representing a majority of workers in Spain's Iberia airline have called off six days of strikes they had planned to stage before the Christmas holiday period to protest the company's plan to lay off 4,500 workers.

The General Workers Union, Spain's largest, said Tuesday the unions cancelled the stoppages so as not to upset travelers even though they had yet to reach an agreement with the company over the layoffs.

The unions are to meet to decide on new protest action. The stoppages by ground staff and cabin crews were to be held Dec. 14 and Dec. 17-21. International Airlines Group, which groups together British Airways and Iberia, plans to cut 23 percent of the Spanish company's staff, saying it is fighting for survival.

Related Headlines

  • Royal visit to the Bank of England

    Financial crisis explained to Queen Elizabeth II

    In 2008, Queen Elizabeth II asked academics why no one saw the financial crisis coming. On Thursday, she finally got an answer. Sujit Kapadia from the Bank of England's ... 

  • Angela Merkel, Francois Hollande

    EU backs banking supervisor, Greece bailout

    In one whirlwind morning, the European Union nations agreed Thursday to two key measures vital to the financial security of the region. As well as laying the groundwork for ... 

  • Frederick Reimer

    Stocks lower as investors watch Washington

    Stocks slipped Thursday on Wall Street after more signs of tension emerged from federal budget talks in Washington. The Dow Jones industrial average was down 31 points at ... 

  • GM gives its pickups a much-needed makeover

    General Motors is giving its big pickups a much-needed makeover. The company is unveiling new versions of its top-selling Chevrolet Silverado and GMC Sierra on Thursday. 

Overnight Averages

Find your future job here

What

Where

Service