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Iberia to cut 4,500 jobs, a quarter of airline's workforce

The Spanish airline Iberia is to cut four and a half thousand jobs - a quarter of its workforce. Its parent company, International Airlines Group, says the aim is to save the company which is "struggling for survival".A deadline has been fixed for the end of January to agree a restructuring plan with the unions - otherwise, warns the company, even more drastic cuts will be implemented....

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