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

2,165 jobs
Number of planned job losses
Job loss
Announcement Date
30 May 2006
Employment effect (start)
1 June 2006
Foreseen end date
1 December 2007

Description

Iberia, the former public airlines in Spain until its privatisation in 2001, is going to reduce 9% of its staff.

The workforce was already reduced by 2.1% in 2005 but 2165 employees out of 24044 will be offered early retirement and voluntary redundancies from now until 2008.

The Chairman of the company announced this decision on 30 May 2006 and explained that reducing the staff is the only way to achieve a competitive company.


Sources

  • 31 May 2006: El PaĆ­s

Citation

Eurofound (2006), Iberia, Internal restructuring in Spain, factsheet number 63566, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63566.