Update 4: Alitalia Reportedly to Cut 5,000 Jobs
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Its future at stake, Italy&#39;s flagship air carrier Alitalia said Monday 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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The Italian government announced plans Friday to sell down its 49.9 percent stake in cash-strapped Alitalia SpA as part of its efforts to turn around the nation's flagship airline.Comment
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ROME : Alitalia management and flight attendants reached agreement on a crucial deal early Saturday on job cuts that would allow the struggling airline to keep flying, union sources quoted by ANSA news agency said.
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Delta Air Lines yesterday announced plans to cut up to 6,900 jobs over the next 18 months as it struggles to avoid bankruptcy. The airline is in the midst of a restructuring designed to cut $5bn (Â£2.
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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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Loss-making Italian airline Alitalia outlined a new rescue strategy on Thursday that included plans to launch another capital increase and cut an unspecified number of jobs.
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The management of troubled Italian carrier Alitalia is due on Monday to unveil a rescue plan to stave off bankruptcy, which the Italian media says will amount to shedding a quarter of the workforce.
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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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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at avoiding collapse, news reports and an industry source said Monday.
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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 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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With union backing for job cuts, Alitalia&#39;s board has approved a four-year business plan to save the near-bankrupt Italian airline from collapse.
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The Italian airline Alitalia said on Wednesday that it had delayed by five days, until Monday, the final approval to its bailout plan, which includes 5,000 layoffs.
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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan - the last in a series of labor deals crucial to saving the airline from collapse.
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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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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan &#151; the last in a series of labor deals crucial to saving the airline from collapse.
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Financially-strapped Italian airline Alitalia said Friday it would sharly cut back on flights from Milan-Malpensa airport in late March in order to reduce costs.