Cabin crew deal keeps Alitalia aloft: report
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Alitalia management and flight attendants have agreed to a crucial deal on job cuts that would allow the struggling airline to keep flying, union sources say.
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Alitalia management and unions representing cabin crews agreed to parts of a deal that, if finalised, could allow approval of an overall rescue plan, union sources said.
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Alitalia directors were expected to give formal backing to a four-year rescue plan that will free up a 400-million euro (486-million-dollar) state-backed loan to keep the carrier aloft.
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Talks between Alitalia and the unions were continuing on Tuesday as hopes rose of staving off bankruptcy at Italy's troubled national airline.
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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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Near-bankrupt Alitalia held crucial contract negotiations with unions representing flight attendants and ground staff Wednesday in a last-minute attempt to save the state-controlled airline from collapse.
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Alitalia took a step on Tuesday toward resolving the labor disputes that have threatened to push it into bankruptcy, agreeing to new contracts with its 2,300 pilots.
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ROME : Alitalia directors and union delegates worked on thrashing out a rescue plan for the Italian flag carrier which has warned it could go bankrupt within a month.
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The European Union&#39;s transport commissioner has praised the restructuring deal reached between Italy&#39;s flagship air carrier, Alitalia, and unions representing cabin crews.
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The Italian carrier reaches agreement on cutting cabin crews, the final part of a rescue plan vital for survival.
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MILAN : Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.
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Alitalia&#39;s shares soared yesterday as hopes increased that the struggling Italian airline and labour unions might clinch a deal on a relaunch plan aimed at saving the company before a deadline today.
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Racing against the clock to stave off bankruptcy, Alitalia has clinched a deal with its ground staff, rolling back their benefits and opening the way for some 2,500 job cuts.
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MILAN Alitalia&#39;s management and unions representing its cabin crews edged toward an accord Friday night on job cuts and working conditions in an effort to save the national carrier from collapse.
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Alitalia shares rise on the back of news that 11 potential bidders have expressed interest in the Italian 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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EU transport and energy commissioner Loyola de Palacio on Sunday hailed the accord reached between Alitalia management and staff on a major restructuring plan aimed at keeping the struggling airline in the air.