Alitalia Reportedly to Cut 5,000 Jobs
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ROME Sept. 6, 2004 - Italy&#39;s flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, Italian news agency ANSA said Monday.
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TUI, Europe's biggest travel and tourism group, is expected to cut between 3,500 and 4,000 jobs in France, Britain and Germany as part of a restructuring effort, a newspaper reported.
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Delta Air Lines said Wednesday that it would cut 6,000 to 7,000 jobs over the next 18 months as part of a sweeping restructuring plan that the airline said would save $5 billion a year in costs by 2006.
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The British oil giant said it would cut an additional 5,000 jobs by the middle of next year as part of a plan by the chief executive to slim management and make the company more efficient.
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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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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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The Italian airline Alitalia is to reveal proposals to stave off bankruptcy.
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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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Auto parts supplier Delphi Corp. (DPH.N: Quote, Profile, Research) said on Friday it plans to cut 8,500 jobs, or up to 5 percent of its work force, in 2005 because of vehicle
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Alitalia was last night locked in talks with its trade unions over plans to slash thousands of jobs as part of the cash-trapped airline&#39;s last-ditch rescue package.
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Unions at Alitalia airlines are harshly criticizing plans to slash 5,000 jobs at the ailing Italian company. One of Alitalia&#39;s smaller unions said it would stage a hunger strike to protest the cuts.
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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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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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ROME The survival of Italy&#39;s flag carrier will be at stake on Monday when Alitalia meets its unions to reveal how many jobs it intends to cut in a restructuring aimed at averting collapse.
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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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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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Union leaders slammed Alitalia's plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, but said Tuesday they will keep negotiating and hold off on any strike action.