30-Nov-2012 2:46 PM

Iberia CEO comments on 'suicidal' strike and maintaining leadership in Latin American market

Iberia CEO Rafael Sánchez Lozano reportedly said the upcoming strike by workers is "suicidal", "absolutely incomprehensible" and "very bad for the company and for Spain". Mr Sánchez Lozano, as quoted by El Economist, said there is no alternative to the carrier's proposed 4500 layoffs, saying, "Every redundancy is a personal tragedy, but I have to give a solution to the problem, because if not there are another 15500 employees will also go". On cuts to destinations and Iberia's leadership position in Latin America, Mr Sánchez Lozano said, "What is very dangerous is trying to sustain a leadership position with feet of clay, and maintaining routes that lose money.... Spain has a natural market in Latin America, the largest in Europe, if we are competitive and profitable we can be the leaders."

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