Staff layoff deal for Alitalia
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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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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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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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Shares in Alitalia rose on Monday after staff agreed job and pay cuts last week to keep the beleaguered airline flying. The firm&#39;s chief executive was holding a final meeting with unions in Rome on Monday
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MILAN Alitalia&#39;s board and representatives of most of its labor unions reached an agreement Friday to split the Italian state-controlled carrier into two companies as part of a four-year turnaround plan.
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Alitalia management and flight attendants have agreed a crucial deal early on job cuts that would allow the struggling airline to keep flying, union sources were quoted by ANSA news agency as saying.
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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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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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Alitalia appeared to clinch its final union agreement on Saturday over job and wage cuts, as cabin crews agreed to a painful restructuring needed to prevent the airline&#39;s collapse, a union source said.
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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 yesterday.
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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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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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Alitalia bosses and union and government officials forged a deal early yesterday to save troubled Italian flag carrier Alitalia after thrashing out the details of redundancy payments
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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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MILAN : 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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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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Air France-KLM on Monday detailed its offer to buy Alitalia, including a cash injection and promising no new lay-offs, confirming comments made on Sunday by its chairman to Italian newspapers.