Iberia will cut its senior management headcount from 82 to 44 positions as part of its restructuring aimed at restoring profitability. The International Airlines Group (IAG) subsidiary says its new organizational structure will be “leaner, more flexible and more efficient” and—crucially—more cost-effective. Following the changes, Iberia has created a new strategic planning and finance department. This unit has been given increased and more centralized economic ...

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