Spain Unions Agree Voluntary ERE Deal
Iberia and unions have made an agreement about employees leaving the company. The agreement affects 996 workers. It includes a plan for early retirement.
The agreement, called an Employment Regulation File (ERE), involves 753 ground staff, 137 cabin crew, and 106 pilots. The plan allows employees to leave the company voluntarily. Employees over 60 will receive 80% of their salary before retiring. Younger employees will get 35 days of pay for each year they worked. This change is because of changes at Madrid-Barajas airport.
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Highlights
Iberia ERE Agreement
Iberia and unions agreed on a voluntary ERE for 996 employees.
Employee Departure Numbers
The agreement covers 753 ground staff, 137 cabin crew, and 106 pilots.
Market Reconfiguration Trigger
The agreement is due to organizational changes at Madrid-Barajas airport.
Early Retirement Package
Employees receive 80% of their gross salary in early retirement.
Severance Pay Details
Under 60 employees receive 35 days of pay per year worked.