Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

IAG’s Iberia Unit Plans Steeper Pay Cuts After Talks Fail

British Airways parent IAG SA’s Spanish unit Iberia said it will implement deeper wage cuts for staff following the failure of productivity talks.

Pay will be reduced by 18 percent for pilots and cabin crew and 11 percent for groundstaff, in line with a mediation plan, Iberia said in an e-mail. The cuts are 4 percentage points higher than had been offered as part of a negotiated deal.

“There has been no agreement,” the Madrid-based carrier said in response to questions. “Talks finished yesterday, so the cuts will be put into effect.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.