Type
Internal restructuring
Country
Spain
Region
Comunidad de Madrid;
Location of affected unit(s)
Madrid
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

2,500 jobs
Number of planned job losses
Job loss
Announcement Date
4 December 2004
Employment effect (start)
4 December 2004
Foreseen end date
31 December 2007

Description

The company Iberia is a Spanish airline specialised in the transportation of passengers. On December 2001, the company presented a job reduction plan with voluntary early retirement measures. Since then, 2,458 of its employees did voluntarily ask to be included in this plan. On 4 December 2004, the company decided to continue with the job reduction plan until 2007. The plan includes early retirement and relocation measures for up to 2,500 of its employees. The regional authorities must now give their consent to the company’s proposal once it has been agreed with the labour representatives.


Sources

  • 4 December 2004: El País

Citation

Eurofound (2004), Iberia, Internal restructuring in Spain, factsheet number 60823, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60823.