Alitalia to cut jobs to stay aloft
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With union backing for job cuts, Alitalia&#39;s board has approved a four-year business plan to save the near-bankrupt Italian airline from collapse.
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Alitalia SpA, Italy&#39;s largest airline, reached a government-brokered agreement with its labor unions that will allow the carrier to cut about 3,700 jobs and gain funding for a plan to reorganize the company.
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MILAN : Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.
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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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MILAN A day after getting its pilots to agree to pay cuts and longer hours, Alitalia took another step on Wednesday toward avoiding bankruptcy as the Italian state-run airline neared an accord with its flight attendants and ground workers.
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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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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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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, the Italian government-run airline and a partner with Delta and Air France in the SkyTeam alliance, told its unions on Monday that it planned to lay off about 5,000
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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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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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Alitalia will cancel nearly 400 flights Tuesday because of a planned eight-hour strike by Alitalia flight attendants and air traffic controllers, the struggling airline said. via MSN Money
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ROME -- The future of Italian air carrier Alitalia is at stake in a meeting set with unions today to reveal the number of planned job cuts as part of a restructuring plan aimed at averting collapse.
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After winning union backing for job cuts, Alitalia was holding a board of directors meeting Monday to approve a restructuring plan aimed at saving the near-bankrupt Italian carrier from collapse.
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The management of troubled Italian carrier Alitalia was due to unveil a rescue plan to stave off bankruptcy, which the Italian media says will involve shedding a quarter of the workforce.
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Labor and management at Italian state airline Alitalia reached an agreement in principle on reorganizing the troubled carrier that leaves the government with at least a 30 percent stake in the company.
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Shares in Alitalia are soaring as the board of the Italian carrier prepares to approve a rescue plan that will cut jobs and slash wages in an effort to avoid collapse.