Iberia will cut 3,807 jobs after it failed to reach an agreement with its unions on a scaled back restructuring plan

In November, Iberia detailed plans to cut 4,500 jobs—equivalent to nearly a quarter of the workforce—in a bid to stem heavy losses at the carrier. At the time it set a Jan. 31 deadline to reach an agreement with its unions, threatening deeper cuts and a more radical restructuring if the talksfailed.

On Jan. 31 Iberia tabled a plan to cut 3,147 jobs through early retirements, with no redundancies. It also lightened ground staff wage cuts from 18% to 11% and flight crew salary cuts from 25-30% to 23%. However the unions rejected this offer, claiming it fell short of an agreement reached through arbitration on Dec. 17. The workers, represented by the CCOO, UGT, USO, ASETMA, CTA-Flight and SITCPLA as well as the SEPLA pilots union, immediately announced strike plans.

http://atwonline.com/airline-finance-data/news/iberia-pushes-ahead-3807-redundancies-0212