AlHijjah 24, 1433, Nov 9, 2012, SPA -- Spanish airline Iberia is to cut 4,500 jobs over the next three years as part of a restructuring plan following its merger with British Airways, dpa quoted joint owner International Airlines Group (IAG) as saying Friday. The proposed cuts amount to the reduction of 25 per cent of Iberia's current workforce. The airline will also dispose of a quarter of its fleet and reduce its network capacity by 15 per cent, said IAG. IAG said the restructuring is aimed at safeguarding 15,500 posts at the Spanish airline, which has been suffering heavy losses.
