Iberia Airlines plans to cut 1,600 jobs

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Iberia1Airlines Reuters. Passenger planes of Spain's flagship Iberia airline are parked at Terminal 4 of Madrid's Barajas airport.

Madrid - The Spanish airline Iberia wants to cut nearly 1,600 jobs, its parent company, International Airlines Group, said Friday.

The staff reductions will involve a mix of redundancies, voluntary departures and early retirements, said the company, which also owns British Airways.

The talks about the cuts were brought up during collective bargaining negotiations in April and form part of its plans to change the company's structure and make it profitable, International Airlines Group said in a statement.

To stem losses, Iberia has cut multiple routes and has started a prior round of 3,100 job cuts, which has almost been finished.

The company currently has about 18,000 employees, a figure that, according to Iberia president Luis Gallego, means it has more employees per airplane than its competitors. - Sapa-dpa



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