Iberia and its pilots represented by SEPLA reached a tentative labor agreement retroactive to 2005 and continuing through this year. IB said the deal ended a "10-year-long period of contention" and now must be approved by union membership. It calls for a one-year, 2.3% pay increase retroactive to 2007, a 2008 raise equivalent to the annual inflation rate and a 2.7% bump this year. Contract also covers productivity and job security issues and includes a 50% reduction in hours when pilots ...

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