Alitalia, Unions Sign Deal to Split Company
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Italy&#39;s troubled Alitalia airline has reached a deal with eight of nine unions to split the state-controlled firm in two in a plan to stave off bankruptcy.
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Alitalia SpA plans to cut 5,000 jobs, split Italy&#39;s largest carrier into two companies and let seasonal employees&#39; contracts expire, Roberto Panella, secretary general of the UGL transport union, said in an interview.
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(AGI) - Rome, Oct. 6 - The agreement on the provisions for more than 3 thousand workers, which closes the Alitalia dispute, was reached during the night at the Prime Minister&#39;s Office after a marathon no-stop.
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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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Unions and management at Alitalia have struck a deal on payoffs for 3,700 employees set to lose their jobs. The agreement should open the way for the restructuring which could save the Italian carrier from bankruptcy.
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Italian airline Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the carrier, the final hurdle in long negotiations for ensuring the company's immediate survival.
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ROME : Alitalia management and flight attendants struck a crucial deal on job cuts that would allow the struggling airline to keep flying, but management still needs to win government support for its overall strategy.
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Alitalia said Thursday it has reached an agreement with unions representing its ground crew staff to cut 2,500 jobs and freeze pay increases, moving a step closer to approving a crucial restructuring plan.
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Clearing the way for a do-or-die restructuring, unions at Italian airline Alitalia AZPIa.MI have agreed to unemployment packages for around 3,700 employees, union sources say.
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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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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 A day after getting its pilots to agree to pay cuts and longer hours, Alitalia took another step on Wednesday toward avoiding bankruptcy as the Italian state-run airline neared an accord with its flight attendants and ground workers.
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Alitalia signed a deal with eight of nine unions Friday to split the loss-making Italian airline in two - part of the company&#39;s plan to stave off bankruptcy.
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Alitalia SpA, Italy&#39;s largest airline, reached an agreement with its flight attendants&#39; unions to cut 900 jobs, qualifying the company for a government bailout that will keep it in business for another six months.
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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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Alitalia in Rome said Friday it reached a deal with eight of its nine labor unions to split the ailing carrier in two to stave off bankruptcy.
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Alitalia reaches agreement with the Italian government about a 400m euro loan needed to fund a major restructuring of the business and to ensure its survival.