Alitalia to shed 5,000 jobs
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Alitalia says it will shed 5,000 jobs and spin off non-core operations under a sweeping restructuring plan unveiled to union leaders yesterday.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at avoiding collapse, news reports and an industry source said Monday.
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Its future at stake, Italy&#39;s flagship air carrier Alitalia said Monday it plans to cut 5,000 jobs - almost a fourth of its workforce - as part of restructuring efforts aimed at averting collapse.
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Italian carrier Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the airline, the final hurdle in long negotiations for ensuring the company's survival.
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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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Unions at Alitalia called a plan to cut a quarter of the workforce &quot;unacceptable&quot; Tuesday and urged the Italian government to step in to ease the pain of restructuring the ailing state-controlled airline.
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LONDON, October 6  - Alitalia (ALI.FSE) has reached an agreement with its major labour unions and the Italian government, enabling the loss-making airline to access a â¬400 million (â¬492.
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Management at the Italian national airline Alitalia has put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft.
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THE future of Alitalia is at stake as the Italian flagship carrier meets unions today to reveal the number of jobs that will be cut under a restructuring plan aimed at averting collapse.
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Unions at Alitalia airlines are harshly criticizing plans to slash 5,000 jobs at the ailing Italian company. One of Alitalia&#39;s smaller unions said it would stage a hunger strike to protest the cuts.
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Alitalia SpA, Italy&#39;s largest airline, plans to cut a total of 3,689 jobs after winning concessions from flight attendants&#39; unions on cost-cutting targets aimed at saving the carrier from running out of money, union officials said.
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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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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.
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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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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world&#39;s biggest carmaker said on Thursday.
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ConAgra Foods announced plans to close five plants and eliminate about 400 jobs as part of a long-term plan to cut costs.
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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 said Monday.