IAG accepts compromise deal to end Iberia dispute

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British Airways owner International Consolidated Airlines (IAG) has accepted a compromise proposal to end a dispute with unions over mass job cuts at its Spanish subsidiary.

A mediator appointed by the Spanish government had proposed that Iberia lay off 3,141 workers, instead of the 3,807 the airline had been planning to axe, with severance pay of 35 days per year worked, rather than 20.

The unions have not said yet whether they would accept the proposal, and the mediator is scheduled to meet representatives today.

Iberia workers have staged two strikes in recent weeks and had threatened more action later this month.

IAG said earlier this month that the Spanish airline “must adapt to survive” after the loss-making carrier dragged the group into the red.