5,000 Alitalia job cuts planned
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Management at the Italian national airline Alitalia has put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft.
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Alitalia SpA, Italy&#39;s largest airline, reached a government-brokered agreement with its labor unions that will allow the carrier to cut about 3,700 jobs and gain funding for a plan to reorganize the company.
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MANAGEMENT at the Italian national airline Alitalia put forward a rescue plan today to trade unions that foresees slashing 5000 jobs and splitting the struggling carrier into two in order to keep it aloft.
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ROME : Alitalia management and flight attendants struck a crucial deal on job cuts that would allow the struggling airline to keep flying, but management still needs to win government support for its overall strategy.
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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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The management of troubled Italian carrier Alitalia was due to unveil a rescue plan to stave off bankruptcy, which the Italian media says will involve shedding a quarter of the workforce.
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Alitalia, the troubled Italian airline, has restated its first-half results, almost doubling its previously reported loss, as it set aside money to lay off about 20 percent of its work force.
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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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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 Monday.
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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.
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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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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.
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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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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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Alitalia says it will shed 5,000 jobs and spin off non-core operations under a sweeping restructuring plan unveiled to union leaders yesterday.
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Delphi, the world&#39;s largest auto parts maker, said Friday that it would cut nearly 5 percent of its work force, or 8,500 jobs, as it copes with the declining fortunes
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The Italian airline is facing resistance from unions against its plan to evade bankruptcy by cutting 5,000 jobs.