IAG cuts 4,500 jobs at Iberia

MADRID Fri Nov 9, 2012 7:17am GMT

A Spanish Iberia Airlines aircraft lands during a pilot strike at Pablo Ruiz Picasso Airport in Malaga, southern Spain December 18, 2011. REUTERS/Jon Nazca

A Spanish Iberia Airlines aircraft lands during a pilot strike at Pablo Ruiz Picasso Airport in Malaga, southern Spain December 18, 2011.

Credit: Reuters/Jon Nazca

Related Topics

Quotes

   

MADRID (Reuters) - Iberia and British Airways owner International Airlines Group (ICAG.L) said on Friday it would dismiss 4,500 workers as part of its restructuring drive at Spain's flag carrier Iberia.

The company, which plans to downsize Iberia's fleet by 25 aircraft, also said it would reduce salaries and set a deadline of January 31 2013 to reach an agreement with trade unions over redundancies, adding that it would further reduce capacity if no agreement was reached.

(Reporting by Clare Kane, Editing by Tracy Rucinski)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.