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.


Check Also

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.

Iberia, London, Madrid, flight, Nicaragua, Managua, new, route, Central America, beach, adventure, trekking, surfing, Granada, tourism, travel

Iberia confirms new route to Nicaragua

Nicaragua is becoming a popular adventure and cultural tourist destination.

Gunnar Garfors, Norwegian, record, fly, round the world, airlines, flights, Sydney, Emirates, Iberia, Copa, Qantas, Dutch

Norwegian man sets round-the-world record

Passenger sets new Guinness World Record for travelling the world on scheduled flights.

Norwegian, transatlantic, low-cost, long-haul, South America, Argentina, company, business, domestic, Buenos Aires

Norwegian breaks speed record

A New York to London flight smashes the transatlantic record.

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017

Niki, Austria, Lufthansa, IAG, buy, airline, Lauda, deal, bid

IAG buys Niki: what to watch for

Are IAG and Vueling the deal’s only winners?