Deal to salvage troubled Alitalia
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ALITALIA bosses and unions along with the government today announced their agreement on a deal to salvage the troubled Italian flag-carrier.
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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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Alitalia has reached agreement with the Italian government on a 400m euro (Â£275m) loan to aid the restructuring of the struggling airline.
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MILAN Giancarlo Cimoli, chief executive of Alitalia, met Monday with unions representing its employees to find an accord on layoffs and restructuring that would save the Italian state-run airline.
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ROME : Alitalia directors and union delegates worked on thrashing out a rescue plan for the Italian flag carrier which has warned it could go bankrupt within a month.
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Alitalia directors and union officials met to thrash out a rescue plan for the Italian airline which could go bankrupt in a month, as shares closed at a near-historic low.
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Talks between Alitalia and the unions were continuing on Tuesday as hopes rose of staving off bankruptcy at Italy's troubled national airline.
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State carrier Alitalia could be faced with collapse within 20 days without the approval a restructuring plan that would allow the airline to tap into a euro400 million (US$488 million) loan, the company&#39;s head was quoted as saying in Italian news reports
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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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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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Alitalia SpA has signed an agreement for a euro400 million (US$496 million) bridge loan, the struggling Italian airline said Monday.
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Italian airline Alitalia said Wednesday it had reached an agreement with trade unions representing cabin crew, who disrupted flights at the end of May with a protest over working conditions.
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Alitalia has reached a deal with most of its unions to split the state-controlled airline in two, hoping the plan will secure its immediate future and open the way for partial privatization.
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Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.
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Trade unions at the Italian state airline Alitalia agreed to continue discussions with management on its rescue plan for the struggling carrier and are not for the moment considering a strike, a top union official said.
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Amid around-the-clock negotiations with unions over a crucial rescue plan, Alitalia has sealed a deal with pilots that increased the airline&#39;s hopes of averting collapse.
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Alitalia bosses and union and government officials forged a deal to save the troubled Italian flag carrier after thrashing out the details of redundancy payments for 3,700 workers who will lose their jobs in a restructuring plan.