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    Iberia to cut 4,500 jobs, a quarter of airline's workforce

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    euronews (in English)

    by euronews (in English)

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    The Spanish airline Iberia is to cut four and a half thousand jobs - a quarter of its workforce. Its parent company, International Airlines Group, says the aim is to save the company which is "struggling for survival".

    A deadline has been fixed for the end of January to agree a restructuring plan with the unions - otherwise, warns the company, even more drastic cuts will be implemented.
    ...
    http://www.euronews.net/