Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Spanish airline Iberia is going to hire 120 co-pilots. Salary offered to the candidates is between EUR 35-40,000 at Level 11 of the pilot's scale. Salary increases promotion will be not possible until 2017. Although salaries offered are relatively low bearing in mind the salary scales that prevail in the sector, the stability that the company offers to the new workers hired and the possibility for promotion is considered an incentive for the candidates. The recruitment is due to a greater number of flights and the need to fill vacancies left by co-pilots that have been promoted to become pilots.
Update 30-11-2015
Iberia has increased the number of pilots to be hired from 120 to 211. This increase is explained due to an expansion policy. The company has bought 29 long haul planes in the past year and has started to increase flight frequencies to some destinations as well as look at opening new routes to cities such as Tokyo, Johannesburg, Doha, Toronto, Managua, Asuncion, Brasilia and Guadalajara.
Eurofound (2015), Iberia, Business expansion in Spain, factsheet number 83732, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83732.