Hopes rise for Alitalia rescue
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Talks between Alitalia and the airline&#39;s unions continued on Tuesday as hopes rose of side-stepping bankruptcy before Wednesday&#39;s deadline.
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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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Alitalia's board of directors said Friday it had advised the Italian government to pursue an offer by Air France-KLM to rescue the near-bankrupt airline with a long-term investment of 6.5 billion euros.
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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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The move by the Italian government could help prepare the countryÂs flagship carrier to be taken over by Air France-KLM.
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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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Alitalia may have to slash up to 7,000 jobs, it emerged yesterday, as executives scrambled to rescue Italy&#39;s national carrier from possible bankruptcy later this month.
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ROME  - Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the country's government and labour unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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Shares in the near-bankrupt Italian flagship carrier Alitalia rallied nearly 5.0 percent on Thursday as traders predicted a speedy rescue plan.
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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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ROME : Alitalia directors gave formal backing to a four-year rescue plan that will free up a 400-million euro (486-million-dollar) state-backed loan to keep the Italian flag carrier aloft.
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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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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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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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Struggling Italian airline Alitalia is set to seek one of three domestic partners to help it claw backmarket share, Alitalia&#39;s Chairman and CEO Gianfranco Cimoli said on Thursday.
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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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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.