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Spanish airline Iberia finalizes voluntary layoff agreement for nearly one thousand workers with unions

8 articles | Updated 1h ago | Created 3h ago
Madrid, Spain ECONOMY TRANSLATED

Spanish low-cost carrier Iberia has reached an agreement with trade unions for voluntary layoffs affecting approximately nine hundred ninety-six employees under an ERE (Expediente de Regulación de Empleo) framework, finalized on March 30th in Spain after weeks of negotiations regarding the airline's financial restructuring and workforce reduction plans.

  1. 1
    Iberia and its unions have reached an agreement on a voluntary Employment Regulation Expenditure Plan (ERE).
  2. 2
    The deal covers up to approximately 1,000 employees who will be laid off.
  3. 3
    Company conditions stipulate that the severance package amounts to 80% of gross salary.
[Mar 30] Iberia and unions signed an agreement for a voluntary ERE affecting up to approximately 1,000 employees with conditions including payment at the rate set by company policy.