Alitalia Reaches Deal With Most Unions On Split
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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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Unions and executives at Italy's Alitalia reach a deal with the government on layoffs, opening the way for a wholesale restructuring.
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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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Italian airline company Alitalia unions and management on Saturday agreed on new contract terms for flight assistants, ending a tense round of negotiations involving the airline&#39;s workers.
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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 future of Italian flagship carrier Alitalia is at stake in a meeting 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 SpA, Italy&#39;s largest airline, reached an agreement with pilots to increase work hours and reduce pay ahead of tomorrow&#39;s deadline set by Chief Executive Giancarlo Cimoli, union officials said.
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Alitalia has reached an agreement with unions to split the troubled airline into two, clearing the way for partial privatization. Eight of the Italian carrier&#39;s nine unions agreed Friday
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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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The European Union&#39;s transport commissioner has praised the restructuring deal reached between Italy&#39;s flagship air carrier, Alitalia, and unions representing cabin crews.
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After winning union acceptance of job cuts, Alitalia gave formal approval Monday to a four-year business plan aimed at saving the near-bankrupt Italian airline from collapse.
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Clearing the way for a make-or-break  restructuring, unions at Italian airline Alitalia AZPIa.MI on  Wednesday agreed to unemployment packages for around 3,700  employees which would be largely paid for by the state.
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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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Shares in Italian carrier Alitalia surge as it finalises a deal with unions which will keep it in the air.
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Management and union leaders at Alitalia reached agreement on a new contract for pilots, though talks continued for other job categories ahead of a Wednesday deadline the company has set to work out a rescue package for the ailing carrier, union leaders said.
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Management at the Italian national airline Alitalia put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft, Italian media reported.
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After winning union backing for job cuts, Alitalia gave formal approval Monday to a four-year business plan aimed at saving the near-bankrupt Italian carrier from collapse.