British Airways Owner IAG to Cut 4,500 Iberia Jobs

British Airways parent International Consolidated Airlines Group SA said it will eliminate 4,500 jobs at Spanish unit Iberia -- or more than one-fifth of the total -- after third-quarter profit tumbled 25 percent.
Athens Stock Exchange Index Falls 16%
55:55 - Bloomberg's Hans Nichols, Julie Hyman and Yvonne Manreport on today's action in the global markets. They speak on "Bloomberg Markets." (Source: Bloomberg)
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