Iberia announced a deal with representatives of Spanish national trade unions UGT, CC.OO and ASETMA for a collective bargaining agreement covering approximately 18,500 Iberia ground staff, or nearly 75% of the workforce, effective until Dec. 31 and retroactive to Jan. 1, 2005. The contract covers employment, pay, work rules and productivity and is highlighted by a single payment of €18 million ($21.8 million) to be distributed in March.

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