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Madrid - Spanish airline Iberia reached an agreement with unions to cut 1 400 jobs, a reduction from a planned 1 600-job cuts, the company said Thursday.
The job cuts will come not from layoffs but on a voluntary basis, according to union negotiations. Job cuts of 3 100 positions, which began last year, has been largely completed, the company said.
According to a company statement, both Iberia and the unions have agreed to a restructuring to ensure the airline's continued competitiveness.
The cuts will primarily come from voluntary workforce reductions and early retirements. Currently, Iberia employs about 18 000 people.
The job cuts will come not from layoffs but on a voluntary basis, according to union negotiations. Job cuts of 3 100 positions, which began last year, has been largely completed, the company said.
According to a company statement, both Iberia and the unions have agreed to a restructuring to ensure the airline's continued competitiveness.
The cuts will primarily come from voluntary workforce reductions and early retirements. Currently, Iberia employs about 18 000 people.
