Alitalia gets lift from flight attendants
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Alitalia airline won a thumbs up from the stock market following a weekend job-cutting deal with flight attendants seen as clearing away a threat of bankruptcy and opening up new horizons.
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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 (9.3 billion dollars).
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Near-bankrupt Alitalia held crucial contract negotiations with unions representing flight attendants and ground staff Wednesday in a last-minute attempt to save the state-controlled airline from collapse.
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Alitalia took a step on Tuesday toward resolving the labor disputes that have threatened to push it into bankruptcy, agreeing to new contracts with its 2,300 pilots.
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Pilots at Alitalia agreed Tuesday to nearly double their annual flying hours and accept lower pay &#151; the first breakthrough in talks aimed at keeping the near-bankrupt Italian carrier in business.
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ROME Clearing the way for a restructuring intended to save Alitalia, unions agreed on Wednesday to unemployment packages for about 3,700 employees that will be largely paid for by the Italian government.
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Italian airline Alitalia has agreed a deal with its ground staff, paving the way for some 2,500 job cuts and a reduction in staff benefits.
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LONDON, September 24  - Italian airline company, Alitalia (ALI.FSE), has reached an agreement with eight trade unions to support the plans to split the company into two separate entities, while the ninth and last union is expected to
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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.
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Alitalia&#39;s shares soared yesterday as hopes increased that the struggling Italian airline and labour unions might clinch a deal on a relaunch plan aimed at saving the company before a deadline today.
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ROME : 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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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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After just four months on the job, the Italian airline&#39;s latest boss succeeded this weekend where his many predecessors had failed: getting unions to agree to sweeping job and wage cuts.
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Alitalia appeared to clinch its final union agreement on Saturday over job and wage cuts, as cabin crews agreed to a painful restructuring needed to prevent the airline&#39;s collapse, a union source said.
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After winning union backing for job cuts, Alitalia gave formal approval Monday to a four-year business plan aimed at saving the near-bankrupt Italian carrier from collapse.
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ROME : Alitalia management and flight attendants struck a crucial deal on job cuts that would allow the struggling airline to keep flying, but management still needs to win government support for its overall strategy.
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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.