Alitalia to announce rescue plan
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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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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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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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Italy's flagship 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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The Italian airline Alitalia is to reveal proposals to stave off bankruptcy.
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Italy&#39;s struggling state carrier Alitalia met with labor unions Tuesday, trying to persuade them to accept a sweeping restructuring plan after announcing a further worsening of the airline&#39;s financial situation.
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MILAN : Alitalia pursued last-ditch talks with unions, its deadline for clinching a rescue plan or face bankruptcy, a day after winning a key deal with pilots.
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Trade unions at the Italian state airline Alitalia agreed to continue discussions with management on its rescue plan for the struggling carrier and are not for the moment considering a strike, a top union official said.
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The Italian government scrapped the planned privatisation of loss-making national airline Alitalia on Wednesday and said it would look for other solutions to rescue the ailing carrier.
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Management at the Italian national airline Alitalia has put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft.
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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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ROME : Alitalia directors gave 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 Italian flag carrier aloft.
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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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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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Italian airline Alitalia tells unions that 5,000 would have to go under a proposed rescue plan for the state carrier.
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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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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.