Alitalia's Future at Stake in Union Talk
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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.
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Shares in Alitalia rose on Monday after staff agreed job and pay cuts last week to keep the beleaguered airline flying. The firm&#39;s chief executive was holding a final meeting with unions in Rome on Monday
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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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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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Alitalia Air Line's trade unions are asking for more information concerning the airline's labor strategy before voting on new contracts, AGI.com reports.
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MILAN Giancarlo Cimoli, chief executive of Alitalia, met Monday with unions representing its employees to find an accord on layoffs and restructuring that would save the Italian state-run airline.
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Italy&#39;s government renewed its threat to let Alitalia die unless unions agree to a cost-cutting deal by September 15, saying the days of bailing out the loss-making airline were over.
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Alitalia management and unions representing flight attendants broke off talks, with the company setting an early Saturday deadline for agreement on a deal that could lead to approval of an overall rescue plan, union sources said.
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EuropeÂs biggest airline said Thursday that it had begun talks that could eventually lead to the takeover of Alitalia, the Italian carrier.
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A union leader at Alitalia says for the first time that he may consider job losses to help secure the future of the troubled Italian carrier.
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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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Struggling Italian flagship carrier Alitalia held late-night talks Tuesday with the government and labor unions on how to help employees whose jobs will be slashed under a plan to save the airline, news reports said.
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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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Shares in Italian carrier Alitalia surge as it finalises a deal with unions which will keep it in the air.
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French and Italian leaders are to discuss the future of struggling airline Alitalia amid talk of an Air France merger.
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Unions at Alitalia called a plan to cut a quarter of the workforce &quot;unacceptable&quot; Tuesday and urged the Italian government to step in to ease the pain of restructuring the ailing state-controlled airline.
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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.