Iberia, as expected, unveiled its three-year Director Plan aimed at increasing productivity and revenues while reducing costs, largely through a combination of layoffs, outsourcing and automation. The plan also calls for a three-year wage freeze, "linking payroll increases to results." A profit improvement target was not presented, but a target of €600 million ($726 million) has been reported previously (ATWOnline, Oct. 3). On the revenue side, the company aims to build its long-haul ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.