Unions reject Alitalia rescue plan
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LONDON, England -- Italian trade unions have rejected a rescue plan put forward by Alitalia management, intended to turn the airline around with job cuts and a restructured corporate framework.
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WITH the future of Italy&#39;s flagship carrier at stake, Alitalia is preparing to unveil a rescue plan at a crucial meeting with unions, revealing the number of planned job cuts aimed at averting collapse.
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Italy&#39;s struggling state carrier Alitalia met with labor unions Tuesday, trying to persuade them to accept a sweeping restructuring plan after announcing a further worsening of the airline&#39;s financial situation.
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Alitalia reaches an agreement with all but one trade union over plans to split the troubled national Italian airline into two.
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The troubled Italian airline Alitalia is to reveal a rescue plan to avoid bankruptcy to unions. Ahead of the announcement expected on Monday afternoon, Italian media reported that the proposals include cutting the workforce by a quarter.
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The Italian state airline Alitalia, fighting for its financial survival, said it had reached a wage-freeze agreement for 2004-2006 with unions representing ground personnel.
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ROME The survival of Italy&#39;s flag carrier will be at stake on Monday when Alitalia meets its unions to reveal how many jobs it intends to cut in a restructuring aimed at averting collapse.
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The Italian state airline Alitalia, fighting for its financial survival, reached a wage agreement overnight with unions representing ground staff, union sources said.
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Alitalia meets unions today to reveal the number of job cuts it wants in a restructuring to avert collapse. Approval of the plan is crucial to the company&#39;s survival as it would allow Alitalia to access a
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With union backing for job cuts, Alitalia&#39;s board has approved a four-year business plan to save the near-bankrupt Italian airline from collapse.
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Alitalia management and unions representing flight attendants broke off talks, with the company setting an early Saturday deadline for agreement on a deal that could lead to approval of an overall rescue plan, union sources said.
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The future of Alitalia is at stake as the Italian flagship carrier meets 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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Racing to avoid bankruptcy, Alitalia (AZPIa.MI: Quote, Profile, Research) struggled into the early hours of Thursday for a last-minute deal with its powerful unions to roll
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Alitalia's board of directors decided on Tuesday to postpone its choice between two rival bidders -- the Italian airline Air One or the European giant Air France-KLM -- to rescue the near-bankrupt national flag carrier.
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With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan &#151; including expected layoffs &#151; aimed at averting collapse.
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Union leaders slammed Alitalia's plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, but said Tuesday they will keep negotiating and hold off on any strike action.
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Members of the GMB trade union at British Airways (BA) have voted to reject the company's recent plan to change its pension scheme.