LONDON (dpa-AFX) - International Consolidated Airlines Group S.A. (ICAGY.PK, IAG.L), formed by the merger of British Airways plc. and Spanish flag carrier Iberia Lineas Aereas de Espana S.A., said Thursday that Iberia and its trade unions have reached an agreement on collective redundancies for pilots and ground staff. This could lead to a reduction of up to 1,427 jobs at the airline.
The company stated that 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.
The company stated that the process will not affect Iberia's cabin crew staff.
Copyright RTT News/dpa-AFX