IAG to cut up to 1,427 jobs at Iberia after deal with unions

24th Jul 2014 11:45

An agreement has been reached between International Airlines Group (IAG) and its main trade unions that could see as many as 1,427 jobs slashed at Iberia. Both pilots and ground staff will be affected, but cabin crew will not, it confirmed. "The agreement enables Iberia to continue with its transformation plan to introduce permanent structural changes across the airline and to facilitate profitable growth in the future," IAG said in a brief statement.IAG is the holding group for British Airways and Spain's Iberia, as well as budget Barcelona airline Vueling. Shares rose 1.7% to 341p by 11:40.NR