EMCC European Monitoring Centre on Change



Geographic Location

Country: Spain
Region: Comunidad de Madrid
Location of affected unit(s): Madrid


Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 21441
Group: Iberia

Employment Effects

Announcement Date: 04-12-2004
Planned Job Reductions min: 2500
Planned Job Reductions max: 2500
Type of Restructuring: Internal restructuring
Employment Effect Start: 04-12-2004
Foreseen End Date: 31-12-2007
Other Job Reduction Measures: 2500

Additional Information

The company Iberia is a Spanish airline specialised in the transportation of passengers. On December 2001, the company presented a job reduction plan with voluntary early retirement measures. Since then, 2,458 of its employees did voluntarily ask to be included in this plan. On 4 December 2004, the company decided to continue with the job reduction plan until 2007. The plan includes early retirement and relocation measures for up to 2,500 of its employees. The regional authorities must now give their consent to the company’s proposal once it has been agreed with the labour representatives.