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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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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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 SpA, Italy&#39;s largest airline, reached an agreement with pilots to increase work hours and reduce pay ahead of tomorrow&#39;s deadline set by Chief Executive Giancarlo Cimoli, union officials said.
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The Italian state airline Alitalia, fighting for its financial survival, said it had reached a wage-freeze agreement for 2004-2006 with unions representing ground personnel.
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Labor and management at Italian state airline Alitalia have reached an agreement in principle to split the carrier into two companies, one for flight services and the other for ground operations, union sources said.
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ALITALIA bosses and unions along with the government today announced their agreement on a deal to salvage the troubled Italian flag-carrier.
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The Italian carrier reaches agreement on cutting cabin crews, the final part of a rescue plan vital for survival.
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Italy&#39;s loss-making Alitalia has reached a deal with its unions to split the state-controlled airline in two, helping secure the company&#39;s immediate future and opening the way for partial privatization.
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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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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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Alitalia has reached an agreement with unions to split the troubled airline into two, clearing the way for partial privatization. Eight of the Italian carrier&#39;s nine unions agreed Friday
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Italy is happy to sell Alitalia to anyone willing to turn the loss-making national airline around -- no matter whether the new owners are Eskimos or Chinese, an Italian minister said.
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The European Union&#39;s transport commissioner has praised the restructuring deal reached between Italy&#39;s flagship air carrier, Alitalia, and unions representing cabin crews.
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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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Amid around-the-clock negotiations with unions over a crucial rescue plan, Alitalia has sealed a deal with pilots that increased the airline&#39;s hopes of averting collapse.
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Alitalia headed into eleventh-hour talks with unions to clinch plans to avoid bankruptcy, after winning a key deal with pilots.