From atwonline.com.
Dateline: Friday July 20, 2001
The arbitrator appointed by the Spanish government to resolve the dispute between
Iberia and its pilots ruled yesterday that pay increases should be linked to profits and
productivity.
"There are neither winners nor losers. There is a fair balance between the aspirations of both sides, both, I insist, perfectly respectable and legitimate," said arbitrator
Federico Duran. He did not provide details of the targets but confirmed that a dispute-resolution committee would settle future disagreements between management
and the pilots' Sepla union during the next four years. Both Iberia and the pilots are
bound by the decision of the arbitrator, who was called in by the government after the
airline briefly suspended all its flights last week following the resignation of about 90 of its pilots. Iberia Chairman Xabier de Irala said he saw the offer as "positive."
Now
this is the way that I've been saying that pay increases should be handled!! Well done, that man!