International Airlines Group (IAG) has announced massive job and capacity cuts for Iberia, saying the Spanish subsidiary is in a â€śfight for survival,â€ť just one day after formally announcing a takeover effort for Spainâ€™s low-fare operator Vueling. Under the plan, IAG will reduce Iberiaâ€™s capacity at least 15% in 2013 and cut 4,500 jobs. More reductions will come if management cannot reach new collective bargaining agreements with staff by Jan. 31. â€śIf we do not reach consensus, we ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "IAGâ€™s Reform Of Spanish Operations Now Includes Iberia Restructuring".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.