Alitalia auction ends in collapse
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State-owned Alitalia faces the threat of administration after Italy says the auction for its stake in the national carrier had closed.
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The Nasdaq begins its spectacular collapse, signaling the end of the dot-com boom. Compiled by Tony Long.
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Italy's flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, news reports and an industry source said yesterday.
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ROME The survival of Italy&#39;s flag carrier will be at stake on Monday when Alitalia meets its unions to reveal how many jobs it intends to cut in a restructuring aimed at averting collapse.
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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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MILAN Alitalia moved closer to liquidation Wednesday with a government official demanding that the management of the Italian state-owned airline and its unions reach a quick agreement on a restructuring plan.
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(AGI) - Rome, Oct. 6 - The agreement on the provisions for more than 3 thousand workers, which closes the Alitalia dispute, was reached during the night at the Prime Minister&#39;s Office after a marathon no-stop.
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Unions and executives at Italy's Alitalia reach a deal with the government on layoffs, opening the way for a wholesale restructuring.
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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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Italian airline Alitalia signed an agreement Wednesday with the government and labor unions over layoffs at the carrier, the final hurdle in long negotiations for ensuring the company's immediate survival.
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Russian airline Aeroflot withdraws from the bidding for a substantial stake in Italian carrier Alitalia.
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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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Alitalia reaches agreement with the Italian government about a 400m euro loan needed to fund a major restructuring of the business and to ensure its survival.
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La residua liquidita&#39; di cassa di Alitalia, che ammonta al 31 luglio a 120 mln di euro per la compagnia ea 72 mln per il gruppo, si esauriranno nell&#39;arco di un mese. E&#39; quanto si legge nel comunicato diffuso dall&#39;azienda al termine del cda.
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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 &#151; including expected layoffs &#151; aimed at averting collapse.
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Unions and management at Alitalia have struck a deal on payoffs for 3,700 employees set to lose their jobs. The agreement should open the way for the restructuring which could save the Italian carrier from bankruptcy.
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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.