Update 2: Italy May Help Laid Off Alitalia Workers
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The Italian government is considering introducing unemployment benefits later this week for thousands of workers laid off from national carrier Alitalia, the labor minister said Tuesday.
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Alitalia management and unions representing cabin crews agreed to parts of a deal that, if finalised, could allow approval of an overall rescue plan, union sources said.
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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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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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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.
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Its future at stake, Italy's flagship air carrier Alitalia said 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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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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ROME - Italian 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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Italy&#39;s loss-making Alitalia has reached a deal with its unions to split the state-controlled airline in two, helping secure the company&#39;s immediate future and opening the way for partial privatization.
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The European Commission is to review Alitalia's restructuring plan to see if is breaking state aid rules.
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After winning union backing for job cuts, Alitalia was holding a board of directors meeting Monday to approve a restructuring plan aimed at saving the near-bankrupt Italian carrier from collapse.
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ROME : 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.
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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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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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Alitalia was last night locked in talks with its trade unions over plans to slash thousands of jobs as part of the cash-trapped airline&#39;s last-ditch rescue package.
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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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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.