Alitalia seeks job cut support
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Alitalia meets unions today to reveal the number of job cuts it wants in a restructuring to avert collapse. Approval of the plan is crucial to the company&#39;s survival as it would allow Alitalia to access a
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Crisis-hit Italian airline Alitalia agrees a deal with its ground staff, paving the way for 2,500 job cuts and a reduction in staff benefits.
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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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State carrier Alitalia could be faced with collapse within 20 days without the approval of a restructuring plan that would allow the airline to tap into a loan of 400 million euros (&#36;488 million), the company's chairman was quoted as saying in Italian news reports Tuesday.
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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 SpA plans to cut 5,000 jobs, split Italy&#39;s largest carrier into two companies and let seasonal employees&#39; contracts expire, Roberto Panella, secretary general of the UGL transport union, said in an interview.
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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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Alitalia SpA, Italy&#39;s largest airline, faces strikes and airport blockades should Chief Executive Giancarlo Cimoli seek bankruptcy protection for the carrier, cut thousands of jobs or break up the company, union officials said.
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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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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.
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The Italian airline Alitalia is to reveal proposals to stave off bankruptcy.
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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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ROME  - 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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State carrier Alitalia could be faced with collapse within 20 days without the approval a restructuring plan that would allow the airline to tap into a euro400 million (US$488 million) loan, the company&#39;s head was quoted as saying in Italian news reports
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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.
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EU competition watchdog Mario Monti is seeking more information from Italian authorities about their demand for British Airways to stop undercutting ailing flag carrier Alitalia, a spokeswoman said.
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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.