Alitalia Tells Unions of Plan to Lay Off 5,000 Workers
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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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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 Marsh &amp; McLennan Company, the troubled insurance and investment company, said today that it would lay off 3,000 employees, or roughly 5 percent of its work force, as it moved to right
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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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WITH the future of Italy&#39;s flagship carrier at stake, Alitalia is preparing to unveil a rescue plan at a crucial meeting with unions, revealing the number of planned job cuts aimed at averting collapse.
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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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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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The Italian airline is facing resistance from unions against its plan to evade bankruptcy by cutting 5,000 jobs.
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Alitalia will cancel nearly 400 flights Tuesday because of a planned eight-hour strike by Alitalia flight attendants and air traffic controllers, the struggling airline said. via MSN Money
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Alitalia SpA, Italy&#39;s largest airline, reached an agreement with its flight attendants&#39; unions to cut 900 jobs, qualifying the company for a government bailout that will keep it in business for another six months.
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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.
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Management at the Italian national airline Alitalia put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft, Italian media reported.
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Unions at Alitalia called a plan to cut a quarter of the workforce &quot;unacceptable&quot; Tuesday and urged the Italian government to step in to ease the pain of restructuring the ailing state-controlled airline.
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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.
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ROME - Italian 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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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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Its future at stake, Italy's flagship air carrier Alitalia said it plans to cut 5,000 jobs--almost a fourth of its workforce--as part of restructuring efforts aimed at averting collapse.