Iberia fires 4,500 people the same day as it tries to buy Vueling
IAG, the owners of Iberia and British Airways, have announced that in order to guarantee the survival of Iberia they will have to fire 4,500 people, or about a fourth of its workforce. The announcement comes a day after IAG announced a 113 million euro bid for Vueling, the low cost Spanish airline. Iberia will cut its capacity by 15%, after IAG posted a loss of 39 million euros in the first nine months of Continue reading Iberia fires 4,500 people the same day as it tries to buy Vueling