TOPIC: Tools » Institutions » National » Spain » Dom. Policies » Economy » Infrastructure » Transport » By Air
Category
articles
Date
2013-11-27
Actor
Galindo, Cristina
Source
El Pais
Uploaded date
2013-11-28
Uploaded by

Putting Spain's Flag Carrier Back on Course

"There are few souls to be found at Iberia's former headquarters in Madrid's smart Salamanca district. The offices have been emptied of desks and computers, and just a skeleton staff remains to oversee the final stage of their move to a nearby office tower. It's a newer building, but it's also cheaper. The move is part of an overall restructuring to cut costs at the Spanish flag carrier, which has also seen routes cut, staff laid off, and salaries further reduced. The management's goal is to return to profitability in 2014 after five consecutive years of losses." (Quoted from article)

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