I would like to extend my sympathies for the Iberia pilots and other employees.
Are the Iberia and IAG executives going to be taking pay cuts as well ? Bet not.
Iberia still has quite a few middle managers, who are not efficient, no ?
Is it in the interest of the small Iberia and IAG shareholders that Iberia and IAG key executives make so money and receive huge bonuses for their restructuring efforts ? Anyone have the numbers on this ?
Do not agree with the naive notion that what is going is totally in the best interest of shareholders, the shareholders are secondary to the top executives getting their bonuses and reaching their objectives. Curiously if you were to look at the cost of pilots versus the key executives, its about the redistribution of wealth into the hands of a few and taking it away from many pilots.
The disparity between what executives are making today and 30 years ago compared to a pilot salary is what ? A huge difference.
Its time to realize that there is a pattern going on globally. As this appears to be a global trend, then one day. Lets get united, if they push too far.
As there will be nothing to lose.