The International Airlines Group (IAG), parent company of British Airways and Iberia (IB), has unveiled a major restructuring plan for subsidiary Iberia (IB) after a poor third-quarter performance.
Iberia A321. By Rob Finlayson The International Airlines Group (IAG), parent company of British Airways and Iberia (IB), has unveiled a major restructuring plan for subsidiary Iberia (IB) after a poor third-quarter performance (ATW Daily News, Nov. 9). The plan aims to stem cash losses by mid-2013, which includes 4,500 job losses equivalent to nearly a quarter of the workforce. The airline has set a deadline of Jan. 31, 2013 to reach an agreement with the unions, but warned if ...
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