Iberia reaches agreement with unions over redundancies

Iberia has announced that it has reached an agreement with its unions over 1,427 job cuts involving flight crew and ground staff. Iberia had originally angled for 1’581 redundancies. The airline stated that “the agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future.” The programme of job cuts is scheduled to run until December 2017 and will involve early retirements and voluntary redundancies alongside a reduction in working hours.