Iberia (IB, Madrid Barajas) will proceed with plans to reduce the size of its workforce by 1581 positions. The International Airlines Group subsidiary said in a statement that it would hold consultations with both employees and trade unions concerning a collective redundancy process.
"This option was discussed as part of the collective bargaining negotiations with the airline’s unions last April. It is a continuation of Iberia’s transformation plan to introduce permanent structural changes across the airline enabling it to grow profitably in the future," it said in a statement.
In line with a restructuring program aimed at making over EUR1.8billion (USD2.49billion) in savings, the Spanish carrier has already shed 3,000 jobs in addition to terminating various unprofitable routes.
