IAG expected to stay firm on Iberia restructuring27 January 2013
International Consolidated Airlines Group (known as IAG) may ask its Spanish airline Iberia to stay firm on a tough cost-cutting programme.
It is speculated that the group may be concerned by a new ‘Plan B‘ presented by Iberia to its labour trade unions. The plan consists of reducing lay-offs from the initial 4,500 to 3,800.
When the initial restructuring plan was announced on November 9th, there was an initial deadline of January 31st. Although Iberia has stated that the deadline is not strict, an upcoming board meeting is expected to be the last before an official restructuring announcement.