Pilots' strike costs Portugal's national airline $39 millionStaff writer ▼ | May 13, 2015
Portugal's government says a recent 10-day strike by pilots at Portugal's state-owned national airline cost the company 35 million euros ($39 million), worsening TAP Air Portugal's already "delicate" financial situation.
Airline TAP Air Portugal
The government is trying for the second time in two years to sell the company. The deadline for bids for a 66 percent stake in the company is Friday.
The Civil Aviation Pilots' Union is demanding to be given up to a 20 percent stake in the company when it is privatized, as well as giving its members bonuses for long service. The union won't rule out another strike after the 10-day walkout that ended Sunday. ■