Iberia management and the UGT and CCOO unions signed the company’s 19th Collective Bargaining Agreement covering ground staff, that applies from January 1st, 2009 until December 31st, 2012. The new contract covers some 14,750 Iberia employees, or nearly 70% of total staff.
The contract sets a payroll increase of 0.6162% for 2009, to be effected in a single payment; wage freeze and a single unconsolidated payment in 2010; an increase for 2011 tied to the company’s EBIT performance in 2010 (according to a scale) and an unconsolidated single payment; and for 2012 a 2% increase with a clause for raising it to reach that year’s inflation rate in the event that it is greater than 2%.
