27 JANUARY 2014


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 27 JANUARY 2014

Alitalia no job losses

No job losses.  That is the message being put out by Alitalia as part of a restructuring presented to unions.  The airline says it wants to improve its financial shape to appeal to possible partners.  How it does that without compulsory redundancies seems to be an Italian conundrum.

Alitalia raised €300m (US$407m) in an emergency share issue last month and received €200m in bank financing, which should keep it flying for the next six months.

The carrier, which employs 14,000 people, said it would use state-sponsored social security schemes under which workers are temporarily sent home while a company awaits an improvement in market conditions.  Staff could also be put on "solidarity contracts", under which they are paid less and work less.

It said such measures would mean no-one would be fired, but the company would still achieve its target of reducing staff costs.

The carrier is in talks on a possible investment with Etihad Airways.  James Hogan, Etihad’s boss, says: "No rush.”  (see BTN 20 January) Air France-KLM will look at reinvesting in Alitalia if the conditions it set for its restructuring are met, the Franco-Dutch airline's Chief Executive Officer, Alexandre de Juniac, said on Thursday. "Our partnership with Alitalia is very important," he told the European American Press Club. www.alitalia.com

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.