Jobs go in Eurotunnel rescue plan
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Channel tunnel operator Eurotunnel unveiles a turnaround plan involving redundancies and cuts in services, as it bids to see off its Â£6.4bn debts.
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Eurotunnel, the French-British group that operates rail traffic under the Channel linking France and Britain, plans to reduce its freight shuttle service by 15 percent from January 1, the company said in a statement.
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London Underground was restoring all  tube services on Wednesday after a planned three-day strike by  maintenance workers was suspended after 30 hours.
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Eurotunnel, the troubled operator of the Channel Tunnel rail link, has said it had received two offers for a debt restructuring aimed at halting its slide into bankruptcy.
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A public share swap offer by Eurotunnel has been a success, the French financial market regulator said on Friday, allowing the troubled Channel Tunnel operator to create a new less-indebted group and avoid liquidation.
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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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Eurotunnel faced three new deadlines with a court decision on its debt, possible liquidation in September and insolvency in six months&#039; time, after lenders rejected a rescue plan.
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Eurostar, which operates the high-speed rail link connecting Britain with France and Belgium, announced a sharp rise in turnover and passenger numbers Wednesday after major service improvements.
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Business & money: Critical upgrade work on network could be scaled back, London Underground boss warns.
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Crisis talks to keep the European hub of international shipper DHL and thousands of jobs in Belgium have been thrown into chaos after Prime Minister Guy Verhofstadt suffered injuries in a car crash.
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Channel Tunnel operator Eurotunnel narrows its losses after securing a deal to reduce its debt.
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Billions of pounds have been splashed on repairing worn underground pipes since the privatisation of Britain&#039;s water industry in 1989, but network operators are still struggling to plug the leaks.
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PARIS (BBC News) - Train service in France has almost returned to normal levels as strikes by rail workers over pension reform plans wind down.  High speed TGV trains were operating normally and most regional trains were running, said rail operator SNCF.  Eurostar trains between London and Paris were also running normally as thousands of England and South Africa fans streamed into the French capital to watch their teams play. The protest stems from plans by President Nicolas Sarkozy to end retirement privileges which let some public sector workers retire at 50 on full pensions. German Locomotive Engineers to resume Strike Monday BERLIN (Tagesschau) - Locomotive Engineers Union GDL has announced it will begin another round of potentially crippling strikes on Monday against Deutsche Bahn, the German rail network and Germany's largest employer. This week's strikes caused some disruption, but failed to achieve the desired full paralysis of German rail due to an injunction forbidding strikers to shut down freight and long-distance rail, but GDL deputy boss Claus Weselsky told the German press Saturdays that the union is actively seeking to overturn the court order, and cautioned Germans dependent on rail as a means of travel to be prepared for a worsening of conditions next week.
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Eurotunnel bondholders are scheduled to vote on a plan to cut the firm's debt by more than half.
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Eurotunnel, the troubled operator of the Channel Tunnel rail link, faces decision-day when its creditors decide on a debt restructuring plan drawn up by the management.
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Crews from far and near work to restore electricity to places like nursing homes.
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Eurotunnel, which operates the Channel Tunnel between Britain and France, has unloaded half its crushing debt after 20 years by creating a new group freed from the threat of liquidation.