Jul 4, 2014
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Airline Alitalia is expected to lay off as many as 2,200 as a part of an alliance with Gulf carrier Etihad Airways. The heavily indebted company Alitalia has been negotiating with Etihad to save the company before it runs out of cash in August.
Airline Alitalia is expected to lay off as many as 2,200 as a part of an alliance with Gulf carrier Etihad Airways. The heavily indebted company Alitalia has been negotiating with Etihad to save the company before it runs out of cash in August. As a part of the negotiations, Etihad has requested creditors to write off 30% of Alitalia’s debts, convert the rest into equity and to lay-off between 2,200 and 2,500 of its 19,000 workforce. Talks with all involved parties, including trade unions, are due to start soon.
English: http://www.dailytimes.com.pk/business/09-Jun-2014/alitalia-ceo-says-job-cuts ...
http://www.reuters.com/article/2014/06/03/us-alitalia-etihad-employment ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.