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

2,164 jobs
Number of planned job losses
Job loss
Announcement Date
7 October 2005
Employment effect (start)
Foreseen end date


The Spanish airline company Iberia has presented a job reduction plan creating 1,500 redundancies out of 24,667. The measure is part of a plan which intends to reduce costs by €680 million by 2008. While the job reduction plan has been presented to the regional authorities, negotiations are still been carried out with the labour representatives. High oil price and the development of low cost airlines have been determinant factors for the company to present the job reduction plan.

On 14 October 2005 the company gave more details on the restructuring. Iberia announced the job reduction will affect 203 pilots and 1,297 staff employed in airports and Iberia centres.

On 25 October 2005, the company announced the total redundancies affected by the job reduction plan will be 2,164 till 2008. 1,297 employees will be made redundant in the Iberia centres and airports staff. 867 cruise cabin employees, of which 203 pilots will be made redundant.


  • 25 October 2005: El País
  • 14 October 2005: El País
  • 7 October 2005: El País
  • 8 October 2005: El País


Eurofound (2005), Iberia, Internal restructuring in Spain, factsheet number 62390, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62390.