Type
Internal restructuring
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

500 jobs
Number of planned job losses
Job loss
Announcement Date
9 January 2006
Employment effect (start)
Foreseen end date

Description

The company Iberia, specialised in passengers transport has presented a job reduction plan concerning 500 redundancies. The measure its due to an increase of its on-line sales and a decrease in other retail areas. The Company is to restructure its Commercial Division in order to reduce operation costs.


Sources

  • 9 January 2006: El PaĆ­s

Citation

Eurofound (2006), Iberia, Internal restructuring in Spain, factsheet number 62791, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62791.