IAG airline cuts 4,500 Spanish jobs
International Airlines Group, the owner of British Airways led by Irishman Wille Walsh, is to shed 4,500 jobs at its Spanish unit Iberia.
International Airlines Group, the owner of British Airways led by Irishman Wille Walsh, is to shed 4,500 jobs at its Spanish unit Iberia after its third quarter profit tumbled by 25 per cent.
Iberia's fleet is to be cut by 25 aircraft to reduce capacity.
Operationg profit at IAG fell to €263 million in the third quarter from €351 million from the same period last year.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine