Spain's Iberia reaches union deal to negotiate job cuts
MADRID (Reuters) - Spanish flag carrier Iberia has agreed to negotiate with its unions over a five-year restructuring plan to ensure the airline's future viability, the company said on Monday.
Unions had threatened strike action in protest against plans to axe about 4,500 jobs, or a quarter of its workforce.
Iberia, which is part of International Airlines Group (ICAG.L) along with British Airways, says that the job cuts are needed to guarantee its survival amid rising competition and Spain's recession.
Management and unions representing ground and cabin crew will negotiate the shape of the job cuts until January 31, Iberia said in a statement on Monday. It also invited pilots union SEPLA to join the talks.
The ground and cabin crew unions, which represent 93 percent of total staff, will not call any strikes in January after Monday's agreement, a union spokesman told Reuters. (Reporting By Tracy Rucinski; Editing by David Goodman)
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- WTO overcomes last minute hitch to reach its first global trade deal
- Colorado baker discriminated by denying gay couple wedding cake: judge
- U.S. freeze shows no sign of weekend melt after deadly storm
- Flights delayed as air pollution hits record in Shanghai
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video