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

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