Unions representing most workers at Spanish airline Iberia have cancelled strikes planned for next week to protest staff layoffs.
Today's cancellation comes after the unions accepted a mediator's proposal that reduces the number of planned layoffs by 666 to 3,141, or some 15% of Iberia's workforce.
The company accepted the proposal last weekend.
The unions staged strikes between February 18-22 and March 4-8 and were due to resume the stoppages March 18-22.
International Airlines Group, which owns British Airways and Iberia, lost €923m last year on restructuring costs and writedowns on the value of Iberia.
Spain is in its second recession in three years and has 26% unemployment.
