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IAG stock price collapses 9% as the clash between British Airways and its unions intensifies

By: Invezz
Image for British airways to layoff workers

Shares of International Consolidated Airlines Group (LSE: IAG), the parent company of British Airways (BA), plunged 9% today as the row between the BA and its unions has deepened over the past few days.  Fundamental analysis: Unions to approach the EU The Unite union, which represents BA cabin crew, says it has contacted the European Union to register its resistance to IAG’s acquisition of Air Europa. In November last year, Iberia, another subsidiary of IAG, agreed to a deal to purchase Air Europa for 1 billion euros.  “Unite is questioning why IAG is seeking to fire and rehire the workforce

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