Unions reject Alitalia rescue plan
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LONDON, England -- Italian trade unions have rejected a rescue plan put forward by Alitalia management, intended to turn the airline around with job cuts and a restructured corporate framework.
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Racing to avoid bankruptcy, Alitalia (AZPIa.MI: Quote, Profile, Research) struggled into the early hours of Thursday for a last-minute deal with its powerful unions to roll
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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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Millions of workers joined a general strike in Italy yesterday against the economic policies of Silvio Berlusconi's centre-Right government.
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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 scrambled for an accord with cabin crews on Friday over job cuts and longer hours needed to save the airline from collapse as negotiations
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ROME : Alitalia bosses and union and government officials forged a deal to save the troubled Italian flag carrier after thrashing out the details of redundancy payments for 3,700 workers who will lose their jobs in a restructuring plan.
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Alitalia SpA&#39;s board is likely to approve today Chief Executive Officer Giancarlo Cimoli&#39;s rescue plan for Italy&#39;s largest airline, after he won concessions from the carrier&#39;s nine major unions on job cuts.
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The management of Alitalia was due to present a rescue plan to trades unions which hold the key to whether the state-controlled airline receives a government-guaranteed loan to avoid bankruptcy.
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Italy&#39;s government renewed its threat to let Alitalia die unless unions agree to a cost-cutting deal by September 15, saying the days of bailing out the loss-making airline were over.
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ROME  - 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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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 urged the government to step in.
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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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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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Racing to avoid bankruptcy, Alitalia  AZPIa.MI struggled into the early hours of Thursday for a  last-minute deal with its powerful unions to roll back benefits  and stretch the working hours of thousands of staff.
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Leaders of US Airways&#39; pilots union late Monday rejected the carrier&#39;s latest contract proposal, a blow to the airline&#39;s attempt to avoid a second bankruptcy filing.
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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.