Alitalia management to unveil rescue plan to unions
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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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Management at the Italian national airline Alitalia put forward a rescue plan to trade unions that foresees slashing 5,000 jobs to keep the struggling carrier aloft, Italian media reported.
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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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MILAN - Alitalia headed into eleventh-hour talks with unions today, a putative deadline for clinching plans to avoid bankruptcy, after winning a key deal with pilots.
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A top Italian labor leader says his union could consider job cuts at Alitalia to prevent the airline&#39;s collapse, as workers at the flag carrier clamored for details of its cost-cutting rescue plan.
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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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ROME : The Italian airline Alitalia warned that it was headed for bankruptcy within a month, as the government appealed to unions and the company management to strike a deal to save the struggling carrier.
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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.
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Alitalia has reached a deal with most of its unions to split the state-controlled airline in two, hoping the plan will secure its immediate future and open the way for partial privatization.
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Alitalia's talks with unions look set to continue into the weekend, as management struggle to reach a deal with cabin crew.
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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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The management of Alitalia is today due to present to its unions a rescue plan which holds the key to whether the state-controlled airline receives a government-guaranteed loan to avoid bankruptcy.
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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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Alitalia was last night locked in talks with its trade unions over plans to slash thousands of jobs as part of the cash-trapped airline&#39;s last-ditch rescue package.
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Alitalia may have to slash up to 7,000 jobs, it emerged yesterday, as executives scrambled to rescue Italy&#39;s national carrier from possible bankruptcy later this month.
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Its future at stake, Italy's flagship air carrier Alitalia said 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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The future of Italian flagship carrier Alitalia is at stake in a meeting with unions Monday to reveal the number of planned job cuts as part of a restructuring plan aimed at averting collapse.