Iberia airline on crisis

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Iberia strikeStriking ground workers and flight attendants for Iberia, the money-losing Spanish airline, clashed with riot police officers at Madrid-Barajas Airport on Monday, the first day of work stoppages to protest a plan to cut more than 3,800 jobs.

Staff, including baggage handlers and air stewards, are holding three five-day strikes in February and March to protest management plans to axe jobs and cut salaries at the loss-making airline. Some 10 percent of long-haul flights and half of domestic flights will be grounded this week.Iberia, which merged with profitable British Airways in 2011 to form the International Airlines Group, reported a loss of 262 million euros in the first nine months of 2012.

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