Alitalia management to unveil rescue plan
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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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ROME -- The future of Italian air carrier Alitalia is at stake in a meeting set with unions today to reveal the number of planned job cuts as part of a restructuring plan aimed at averting collapse.
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The Italian airline Alitalia warned that it was headed for bankruptcy within a month, as the government appealed to unions and the company management to strike a deal to save the struggling carrier.
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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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Management at the Italian state airline Alitalia was to put forward a rescue plan to trade unions, whose members hold the key to whether the struggling carrier receives a government-guaranteed loan to avoid bankruptcy.
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Air France-KLM said Tuesday that chairman Jean-Cyril Spinetta will meet the head of Alitalia, Maurizio Prato, in Rome to begin discussions on its planned takeover of the ailing Italian carrier.
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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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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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A rescue plan aimed at saving Italian airline Alitalia is a good sign for the future of the loss-making flag carrier, the EU&#39;s top transport official has said.
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A top Italian labor leader says his union could consider job cuts at Alitalia to prevent the airline&#39;s collapse, as workers at the flag carrier clamored for details of its cost-cutting rescue plan.
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ROME : The Italian airline Alitalia warned that it was headed for bankruptcy within a month, as the government appealed to unions and the company management to strike a deal to save the struggling 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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The Italian government scrapped the planned privatisation of loss-making national airline Alitalia on Wednesday and said it would look for other solutions to rescue the ailing carrier.
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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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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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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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With the future of Italy's flagship carrier at stake, Alitalia began crucial talks with unions Monday to unveil a rescue plan - including expected layoffs - aimed at averting collapse.