Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Iberia, the Spanish airline, has informed trade unions of its intention to implement a voluntary Employment Redundancy File (ERE) affecting up to 996 employees, equivalent to around 5% of its workforce of 19,700 people.
The airline, part of the IAG group, stresses that the objective is not to reduce overall headcount but to rejuvenate the workforce and adapt professional profiles to its new strategic phase, which focuses on expansion, particularly in Latin America, and accelerated digital transformation.
The proposed departures are distributed across several areas, namely, 106 pilots, 137 cabin crew members, 305 maintenance and repair staff, 243 ground operations employees and 205 corporate workers. According to the company, the initiative is designed to align skills and capabilities with future growth plans rather than to implement structural downsizing.
Iberia has experienced several previous restructuring events, particularly in 2024 Iberia Handling 2024-ES(affecting 1,727 handling staff) and in 2017 Iberia 2017-ES, affecting 995 workers.
Updated, 30 Mar 2026:
Iberia has reached an agreement with trade unions to implement a voluntary redundancy scheme affecting 996 employees out of a workforce of 10,700. The measure will apply to 106 pilots, 137 cabin crew members and 753 ground staff, including maintenance technicians and corporate personnel. The agreement establishes two principal mechanisms. First, early retirement schemes will be available to ground staff and pilots aged 60 or over by 31 December 2026, and to cabin crew from the age of 58. Eligible employees will receive 80% of their gross regulatory salary, subject to annual increases of 2% until the age of 65, together with a special Social Security arrangement to secure their full statutory pension. Secondly, incentivised voluntary departures are offered to employees below these age thresholds, with compensation set at 35 days’ salary per year of service, capped at 30 months’ pay and with a guaranteed minimum equivalent to one year’s salary. The agreement has been endorsed by unions representing 92% of the workforce.
Eurofound (2026), Iberia, Internal restructuring in Spain, factsheet number 204396, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204396.
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