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International Consolidated Airlines Group SA Accepts Mediator Proposal In Iberia Labour Dispute Over Layoffs-Reuters

Sunday, 10 Mar 2013 04:52pm EDT 

Reuters reported that International Consolidated Airlines Group SA has accepted a government-appointed mediator's compromise proposal to end a labour conflict over mass layoffs at the Company‚Äôs Iberia. The mediator proposed Iberia lay off 3,141 workers, instead of the 3,807 the airline had planned to let go, with severance pay of 35 days per year worked, rather than 20. The unions have not said yet whether they accept the proposal. The mediator is scheduled to meet with worker representatives on March 11, 2013.