Iberia has decided to make supplementary payments to all employees who idled by the three-month temporary redundancy plan now pending approval by labour authorities.
The payments will be inversely proportional to salary amounts, favouring those with the lower wages.
This means that employees laid off under the plan will receive between 55% and 100% of their normal wage, after adding the supplement to the unemployment pay to which they will be entitled.
Wage Cuts for those staff not covered by the collective bargaining agreement
Staff not covered by the collective agreement non affected by the redundancy plan will be given wage cuts proportional to their pay, ranging from 10% for the lowest paid to 40% for directors, 45% for management committee members, and 50% for the executive chairman.
Like all the world’s airlines, Iberia is suffering from unprecedented circumstances in which most countries have either closed their airspace entirely or imposed severe restrictions on travel in a bid to slow the coronavirus pandemic.
To cope with this force majeure situation the Spanish airline prepared a three-month temporary redundancy plan for the company areas most affected. The plan is now pending government approval.
Cuts in Flight Programme; Repatriation Flights
Iberia has adapted its flight programme to the new environment shaped by the drastic restrictions in many countries.
However, operations are continuing where possible in the short-, medium-, and long-haul segments in order to ensure at least minimum air connectivity for Spain. Iberia is also operating special repatriation flights to help Spaniards stranded abroad and foreigners stranded in Spain to get home.
Iberia expresses its thanks to its customers and its suppliers at this difficult time. It also thanks its employees for their commitment to our customers, and especially those doing essential work who remain on the job.
