The FINANCIAL -- Iberia management and the Sitcpla, CTA, UGT and CCOO unions representing the airline's flight attendants today reached an agreement on a two-year extension of employment guarantees and the transformation of some temporary hires into permanent ones, allaying employees' concerns over the impact on their jobs of the new Iberia Express airline unit, from Arias Hernández, Consuelo.

Union representatives praised the accord, which must be submitted to workers' assemblies for ratification this week.

Under the agreement, Iberia will extend its employment guarantees until December 31, 2014, and pledges to extend them for an additional year on condition that a new collective bargaining agreement is signed before the end of 2014. The employment guarantees apply to permanent cabin staff and to 108 temporary staff who are to be made permanent in 2012.

The company also promises to make other temporary cabin staff permanent between March, 2013 and March, 2014.

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