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International Consolidated Airlines Group SA's Iberia Pilots Agree To Talk About Job Cuts-Reuters

Wednesday, 2 Jan 2013 02:59pm EST 

Reuters reported that Iberia, part of International Consolidated Airlines Group SA, announced on January 2, 2013 that it reached a preliminary agreement with pilots over plans to restructure the loss-making airline by laying off staff and cutting salaries. However, the agreement to sit down to talks does not necessarily mean that the union will support the restructuring. The airline's unions, which have been demanding a growth plan from Iberia, have until January 31, 2013 to support the airline's plans. 

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