Update 4: Alitalia Reportedly to Cut 5,000 Jobs
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Its future at stake, Italy&#39;s flagship air carrier Alitalia said Monday 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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PARIS/MUNICH  - Airbus plans to cut 5,000 jobs and axe another 5,000 filled by contractors, bringing total job cuts in its plants to 10,000 while limiting the impact on its own workforce, industry sources said on Tuesday.
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Alitalia said that the government and trade unions had set a deadline of October 5 to reach agreement on social measures by the state to help staff who will lose their jobs in the carrier's relaunch program.
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Near-bankrupt Italian flagship carrier Alitalia won approval from flight attendants Saturday for a job-cutting plan &#151; the last in a series of labor deals crucial to saving the airline from collapse.
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Unions at Alitalia called a plan to cut a quarter of the workforce &quot;unacceptable&quot; Tuesday and urged the Italian government to step in to ease the pain of restructuring the ailing state-controlled airline.
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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 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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Alitalia, the troubled Italian airline, has restated its first-half results, almost doubling its previously reported loss, as it set aside money to lay off about 20 percent of its work force.
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Financially-strapped Italian airline Alitalia said Friday it would sharly cut back on flights from Milan-Malpensa airport in late March in order to reduce costs.
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The Italian government announced plans Friday to sell down its 49.9 percent stake in Alitalia as part of its efforts to turn around the cash-strapped airline.
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Racing against the clock to stave off bankruptcy, Alitalia has clinched a deal with its ground staff, rolling back their benefits and opening the way for some 2,500 job cuts.
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Alitalia management and flight attendants have agreed to a crucial deal on job cuts that would allow the struggling airline to keep flying, union sources say.
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After winning union acceptance of job cuts, Alitalia gave formal approval Monday to a four-year business plan aimed at saving the near-bankrupt Italian airline from collapse.
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General Motors Europe will slash its workforce by around a fifth, cutting as many as 12,000 jobs in a bid to halt chronic losses in the region, the world's biggest carmaker said on Thursday.
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MANAGEMENT at the Italian national airline Alitalia put forward a rescue plan today to trade unions that foresees slashing 5000 jobs and splitting the struggling carrier into two in order to keep it aloft.
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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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KarstadtQuelle, the crisis-ridden German department store operator, plans to cut 5,500 jobs and freeze the wages of its remaining employees over the next three years as part of a 760-million-euro (935-million-dollar) cost-cutting package, unions said.