Alitalia plans to cut 5,000 jobs
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Alitalia, Italy&#39;s largest airline, told its union Monday it plans to cut 5,000 jobs, or more than a quarter of its regular workforce, according to published reports.
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Alitalia said that the government and trade unions had set a deadline of October 5 to reach agreement on social measures by the state to help staff who will lose their jobs in the carrier's relaunch program.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, news reports and an industry source say.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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Crisis-hit Italian airline Alitalia agrees a deal with its ground staff, paving the way for 2,500 job cuts and a reduction in staff benefits.
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MILAN Alitalia took a big step Tuesday toward resolving labor disputes that have threatened to push the Italian airline into bankruptcy, agreeing to new contracts with 2,300 pilots.
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The future of Italian flagship carrier Alitalia is at stake in a meeting with unions Monday to reveal the number of planned job cuts as part of a restructuring plan aimed at averting collapse.
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The Italian airline Alitalia said on Wednesday that it had delayed by five days, until Monday, the final approval to its bailout plan, which includes 5,000 layoffs.
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Shares in Alitalia are soaring as the board of the Italian carrier prepares to approve a rescue plan that will cut jobs and slash wages in an effort to avoid collapse.
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.Comment
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Management at the Italian national airline Alitalia put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft, Italian media reported.
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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan - the last in a series of labor deals crucial to saving the airline from collapse.
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Alitalia may have to slash up to 7,000 jobs, it emerged yesterday, as executives scrambled to rescue Italy&#39;s national carrier from possible bankruptcy later this month.
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Shares in Alitalia gained over 5.0 percent Monday after the state-controlled airline clinched a final union agreement over job and wage cuts, clearing a key obstacle to its turnaround plan.
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ROME: After winning union backing for job cuts, Alitalia has given formal approval to a four-year business plan aimed at saving the near-bankrupt Italian carrier from collapse.
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A top Italian labor leader says his union could consider job cuts at Alitalia to prevent the airline&#39;s collapse, as workers at the flag carrier clamored for details of its cost-cutting rescue plan.
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BP will cut 5,000 jobs after reporting "disappointing" profits as margins were squeezed and costs rose.