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 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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Italy's Alitalia aims to slash about a third of its more than 20,000-strong work force and move another third into a spin-off company under a do-or-die rescue plan for the flag airline, union sources say.
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Alitalia took a step on Tuesday toward resolving the labor disputes that have threatened to push it into bankruptcy, agreeing to new contracts with its 2,300 pilots.
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Amid around-the-clock negotiations with unions over a crucial rescue plan, Alitalia has sealed a deal with pilots that increased the airline&#39;s hopes of averting collapse.
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Pilots at Alitalia agreed Tuesday to nearly double their annual flying hours and accept lower pay - the first breakthrough in talks aimed at keeping the near-bankrupt Italian carrier in business.
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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 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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The troubled Italian airline Alitalia is to reveal a rescue plan to avoid bankruptcy to unions. Ahead of the announcement expected on Monday afternoon, Italian media reported that the proposals include cutting the workforce by a quarter.
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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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Struggling Italian flagship carrier Alitalia signed an agreement overnight with the government and labor unions on helping employees whose jobs will be slashed under a plan to save the airline, news reports said Wednesday.
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Alitalia, the Italian government-run airline and a partner with Delta and Air France in the SkyTeam alliance, told its unions on Monday that it planned to lay off about 5,000
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LONDON, September 24  - Italian airline company, Alitalia (ALI.FSE), has reached an agreement with eight trade unions to support the plans to split the company into two separate entities, while the ninth and last union is expected to
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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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Alitalia reached a vital deal with its pilots on productivity improvements on Tuesday, a day ahead of a deadline to seal a rescue plan or face bankruptcy, union sources said.
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Alitalia, Italy&#39;s largest airline, said it plans to cut 5,000 jobs, or about a quarter of its regular work force, and split into two companies to save $1.
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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.