Alitalia Signs Deal With Attendants
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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.
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Management and union leaders at Alitalia reached agreement on a new contract for pilots, though talks continued for other job categories ahead of a Wednesday deadline the company has set to work out a rescue package for the ailing carrier, union leaders said.
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Alitalia SpA has signed an agreement for a euro400 million (US$496 million) bridge loan, the struggling Italian airline said Monday.
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Shares in Alitalia gained over 5.0 percent Monday after the state-controlled airline clinched a final union agreement over job and wage cuts, clearing a key obstacle to its turnaround plan.
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MILAN Alitalia&#39;s board and representatives of most of its labor unions reached an agreement Friday to split the Italian state-controlled carrier into two companies as part of a four-year turnaround plan.
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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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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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The Italian state airline Alitalia, fighting for its financial survival, reached a wage agreement overnight with unions representing ground staff, union sources said.
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Alitalia SpA, Italy&#39;s largest airline, reached an agreement with its flight attendants&#39; unions to cut 900 jobs, qualifying the company for a government bailout that will keep it in business for another six months.
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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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Alitalia said Thursday it has reached an agreement with unions representing its ground crew staff to cut 2,500 jobs and freeze pay increases, moving a step closer to approving a crucial restructuring plan.
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Alitalia has reached agreement with the Italian government on a 400m euro (Â£275m) loan to aid the restructuring of the struggling airline.
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Alitalia signed a deal with eight of nine unions Friday to split the loss-making Italian airline in two &#151; part of the company's plan to stave off bankruptcy.
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Alitalia bosses and union and government officials forged a deal early yesterday to save troubled Italian flag carrier Alitalia after thrashing out the details of redundancy payments
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The Italian government gives its backing to Air France-KLM's bid to buy a chunk of national airline Alitalia.
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EU transport and energy commissioner Loyola de Palacio on Sunday hailed the accord reached between Alitalia management and staff on a major restructuring plan aimed at keeping the struggling airline in the air.
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Italy&#39;s troubled Alitalia airline has reached a deal with eight of nine unions to split the state-controlled firm in two in a plan to stave off bankruptcy.