Agreement on plan to salvage troubled Alitalia
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Alitalia bosses and unions along with the government announced agreement on a deal to salvage the troubled Italian flag-carrier, overcoming the final hurdle by settling the issue of compensation for those who will lose their jobs in the process.
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Alitalia's board of directors said Friday it had advised the Italian government to pursue an offer by Air France-KLM to rescue the near-bankrupt airline with a long-term investment of 6.5 billion euros.
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MILAN : 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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Alitalia SpA said eight of its nine biggest unions agreed to a plan to split Italy&#39;s biggest airline in two, enabling the carrier to get a loan to stay in business.
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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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Struggling Italian flagship carrier Alitalia signed an agreement overnight with the government and labor unions on helping employees whose jobs will be slashed under a plan to save the airline, news reports said Wednesday.
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Labor and management at Italian state airline Alitalia have reached an agreement in principle to split the carrier into two companies, one for flight services and the other for ground operations, union sources said.
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The Italian airline Alitalia is to reveal proposals to stave off bankruptcy.
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LONDON, October 6  - Alitalia (ALI.FSE) has reached an agreement with its major labour unions and the Italian government, enabling the loss-making airline to access a â¬400 million (â¬492.
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ROME: Italy&#39;s loss-making Alitalia has reached a deal with eight of nine unions to split the state-controlled airline in two to try to save it from collapse, three union sources said yesterday.
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ROME : Alitalia management and flight attendants reached agreement on a crucial deal early Saturday on job cuts that would allow the struggling airline to keep flying, union sources quoted by ANSA news agency said.
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Alitalia has reached an agreement with unions to split the troubled airline into two, clearing the way for partial privatization. Eight of the Italian carrier&#39;s nine unions agreed Friday
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Management at the Italian state airline Alitalia was to put forward a rescue plan to trade unions, whose members hold the key to whether the struggling carrier receives a government-guaranteed loan to avoid bankruptcy.
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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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The management of troubled Italian carrier Alitalia is due on Monday to unveil a rescue plan to stave off bankruptcy, which the Italian media says will amount to shedding a quarter of the workforce.
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Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the government and labor unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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Alitalia reaches an agreement with all but one trade union over plans to split the troubled national Italian airline into two.