Iberia plans new round of job cuts

Iberia to seek another deal with unions on job losses
Just as it completes one major round of redundancies, Spanish flag carrier Iberia is planning a fresh set of job cuts to lower costs, its chairman Luis Gallego says.
Iberia, which is owned by IAG, struck a deal with unions in 2014 to cut up to 1,427 jobs by the end of 2017. There is room for 462 more job losses in the current voluntary redundancy program, Gallego said, which should be completed this year.
After that, Iberia, which employs around 16,500 people, will seek a new deal with unions for further voluntary job losses for older employees close to retirement, the chairman said.
“We still have an excess of people in some units,” as he put it, though no figures were given.
The airline has undergone major restructuring since its 2011 merger under IAG with British Airways, with jobs and salaries being slashed.
Reuters

x

Check Also

Norwegian, IAG, BA, British Airways, shares, stakke, buy, reasons, analysis, aviation, business, airlines, Europe

IAG’s Norwegian move fuels speculation

There are a number of reasons why the British Airways-Iberia group may want to buy into Norwegian.

Noregian, flight attendant, drunk, cabin crew, employee, staff, flight, BA, British Airways, convicted, jail, prison, judge, court

“Drunk” flight attendant jailed in Oslo

The British man was working for Norwegian but has since managed to get a job at British Airways.

British Airways, seating, fare, basic, atlantic, London, price, Norwegian, low-cost, long-haul, flights, routes, cities, destinations

Norwegian reacts to BA’s new basic fare

British Airways has released further details on its new basic fare for long-haul flights.

Doha, Qatar Airways, travel, flights, Latin, America, South America, Central America, oneworld, Iberia, Madrid, connect, ticket, Middle East

Qatar Airways deepens oneworld relationship

The national carrier of Qatar reaches further into Central and South America.

British Airways, BA, Iberia, American Airlines, Finnair, oneworld, transatlantic, routes, flights, basic economy, seating, rules

Transatlantic oneworld flights add basic economy

British Airways, American Airlines, Iberia and Finnair will launch a new ‘basic’ fare on some transatlantic flights.

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.