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IAG backs Iberia cuts deal

The owner of British Airways has backed a compromise deal that will limit the number of job cuts at Spain's ailing carrier Iberia to just over 3000.

International Airlines Group, which was created from the merger of the two airlines in 2011, originally proposed 3800 redundancies, but has accepted a Government-appointed mediator's recommendation that 3141 workers should go.

The response of Iberia's unions to the revised proposals is still unknown.

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