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Iberia looks to slash pilots’ pay

18 April 2012

Iberia is looking to slash pilots’ pay by a fifth as it takes a hard line in its battle with their union over cost cuts and the launch of a budget carrier to compete with the likes of Ryanair and EasyJet.

Alongside the pay cut, which includes an across-the-board reduction in pay scales and changes to perks for pilots with 15 years’ seniority, the airline is proposing to increase the number of hours pilots are expected to fly every year and eliminate extra holidays for senior staff.

source: FT.com

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